AWS Growth Holds Key to Amazon’s Stock Revival
Amazon’s 14,000 job cuts grab headlines, but investors are focused on one metric: AWS growth. With Amazon stock lagging the Magnificent Seven, cloud performance could determine its comeback story.
Tag: Layoff
Amazon’s 14,000 Job Cuts Signal End of Pandemic Growth Era
Amazon is cutting 14,000 corporate jobs in one of the largest workforce reductions in company history. The move continues CEO Andy Jassy’s efficiency drive as the tech giant adapts to post-pandemic realities and AI-driven automation.
General Motors Trims Engineering Workforce Amid Corporate Restructuring Following Strong Quarterly Results
General Motors has eliminated hundreds of design engineering roles as part of organizational restructuring, sources indicate. The layoffs come just days after the automaker reported strong third-quarter earnings that boosted its stock performance significantly.
Automaker Restructures Engineering Teams
General Motors has cut hundreds of positions within its design engineering division as part of a corporate restructuring effort, according to reports from Business Insider and Bloomberg. The layoffs, described as being in the “low hundreds” by company representatives, primarily affected employees at GM’s technical center in Warren, Michigan.
Kelly Services Trims Corporate Staff Amid US Hiring Slowdown
Staffing giant Kelly Services is cutting approximately 2% of its corporate workforce, affecting about 100 employees. The restructuring comes as US employers’ hiring plans reach their lowest level since 2009, according to industry reports.
Staffing Industry Leader Announces Workforce Reductions
Kelly Services, one of the nation’s leading staffing and recruiting firms, is implementing a targeted reduction of its corporate workforce, according to company statements. The Troy, Michigan-based company confirmed it is cutting approximately 2% of its corporate employees, which sources indicate would affect about 100 workers from its 5,000-person corporate team.