All articles tagged with #corporate
Lowe's is cutting about 600 corporate and support roles—less than 1% of its roughly 300,000-employee workforce—without touching store positions, as it shifts to strengthen frontline operations and leans into AI to reduce workloads; affected workers will receive severance, benefits, and career-transition support, while exact Charlotte-area numbers weren’t disclosed.
Amazon plans to lay off 2,198 Washington employees starting April 28, 2026—1,407 in Seattle, 626 in Bellevue, 30 in Redmond—plus 19 fulfillment-center and 116 remote staff—as part of a broader 16,000-job cut tied to AI-driven efficiencies; U.S. workers will have 90 days to seek internal roles, with severance offered if a transfer isn’t found.
Amazon says it will cut 16,000 corporate jobs to streamline operations and free funds for AI investments, even after reporting strong earnings. The layoffs follow the closure of Amazon Fresh and Amazon Go stores nationwide, affecting about 401 Western Washington positions, and sparking concern about the local economic impact in Seattle.
Amazon plans to lay off about 16,000 corporate workers as part of a ongoing effort to reduce bureaucracy and free funds for artificial intelligence investments. This is the second major round of cuts since October, bringing total corporate/tech reductions to roughly 30,000 (about 10% of that workforce). CEO Andy Jassy says the changes are about efficiency, not establishing a new quarterly layoff cadence, as Amazon sharpens its focus on AI and related infrastructure, including recent shuttering of the Fresh and Go ventures.
Amazon plans a second round of mass layoffs in the coming days, targeting thousands of corporate roles and pushing total cuts toward 30,000 since October as it aims to streamline operations and reset its culture; Jassy has said the October round was about cultural fit rather than cost or AI, with corporate employees around 350,000 out of roughly 1.5 million worldwide.
In Industry Season 4 Episode 2, Henry Muck’s 40th birthday at a haunted country manor spirals into chaotic power plays among family, wife Yasmin, uncle Norton, and Whit as Henry contemplates a future with Tender. Ghosts (literally and figuratively) push him toward self-doubt and reckless behavior, including a violent altercation at a pub. A pivotal moment reveals Henry’s father’s true death, not suicide, and culminates in Henry deciding to pursue Whit’s “bank killer” Tender while hinting at a potential family plan with Yasmin as they drive away—leaving their relationship and Henry’s sanity on a tightrope. The episode blends trauma, legacy, and high-stakes finance as Yasmin navigates ambition and partnership amid the chaos.
Rio Tinto and Glencore are in preliminary discussions about a potential merger, possibly involving an all-share deal, but no firm offer has been made yet, and the outcome remains uncertain.
The United States has secured exemptions from the new global minimum corporate tax rules, allowing it to avoid certain tax obligations under the international agreement aimed at setting a minimum corporate tax rate.
An investor is urging Japanese corporations to move past the psychological and economic impacts of the bubble-era, encouraging a focus on future growth and stability.
Coca-Cola is laying off 75 workers at its Atlanta corporate headquarters as part of its restructuring efforts, with the company predicting a drop in profit this year.
Shell's mergers chief has left the company after the CEO blocked a proposed bid for BP, highlighting internal disagreements over strategic acquisitions.
Amazon plans to lay off up to 30,000 corporate employees, nearly 10% of its workforce, as part of cost-cutting measures and to adapt to AI-driven efficiency improvements, just before its quarterly earnings report.
PepsiCo's sales volumes have declined following the departure of its finance chief after less than two years in the role, indicating potential challenges within the company's leadership or market performance.
Intercontinental Exchange (ICE) announced a strategic investment of up to $2 billion in Polymarket, a prediction market platform, valuing it at approximately $8 billion pre-investment. ICE will also distribute Polymarket’s data globally to institutional investors and collaborate on future tokenization initiatives, aiming to integrate prediction markets into mainstream finance.
The article discusses speculation about whether Apple will replace its CEO Tim Cook and who might succeed him, highlighting ongoing leadership questions at the tech giant.