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What is happening at Amazon?

Asked 1 day ago

Answer

Amazon is undergoing major restructuring, cutting up to 30,000 corporate jobs and planning to automate up to 600,000 warehouse roles by 2033 through AI and robotics. The company cites overhiring during the pandemic, AI-driven efficiency, and supply chain challenges as reasons. A recent AWS outage also highlighted Amazon's critical role in internet infrastructure.

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Federal Reserve likely to cut interest rates

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  • The Federal Reserve has started a two-day meeting with a likely interest rate cut.
  • Investors expect a 98% chance of a quarter-point rate cut. 19s
  • The impact of a government shutdown on economic data and policy decisions is a key concern. 42s
  • Amazon is cutting 14,000 corporate jobs but hiring 250,000 seasonal workers. 1m 41s
  • AI and automation are expected to both replace and create jobs, requiring new skills. 2m 38s
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References

Federal Reserve likely to cut interest rates
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CBS America
2 days ago
Federal Reserve likely to cut interest rates

Amazon is streamlining bureaucracy and investing in AI, cutting 14,000 corporate jobs but hiring 250,000 seasonal workers.

Amazon cuts 14,000 jobs, prepares for wide adoption of AI
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CBC News
2 days ago
Amazon cuts 14,000 jobs, prepares for wide adoption of AI

Amazon is cutting 14,000 corporate jobs as it restructures for AI adoption.

Amazon to cut as many as 30,000 corporate jobs beginning Tuesday
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CNBC
3 days ago
Amazon to cut as many as 30,000 corporate jobs beginning Tuesday

Amazon plans to cut up to 30,000 corporate jobs, citing overhiring, AI, and supply chain issues.

How one Amazon outage can break the internet
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DW News
7 days ago
How one Amazon outage can break the internet

A recent AWS outage disrupted over a thousand online services, showing Amazon's critical internet role.

Amazon plans to replace 600,000 warehouse jobs with AI
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Fox News
7 days ago
Amazon plans to replace 600,000 warehouse jobs with AI

Amazon plans to automate warehouse operations, potentially affecting 600,000 roles by 2033.

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