All articles tagged with #corporate workforce
Amazon is cutting approximately 14,000 corporate jobs, about 4% of its corporate workforce, as it increases investment in artificial intelligence and cloud infrastructure, signaling a shift towards automation and technological growth. The layoffs are part of a broader strategy to optimize costs while expanding its AI and cloud computing capabilities, with most affected employees given 90 days to find new roles or receive support.
Amazon plans to lay off about 14,000 corporate employees to reduce costs and invest more heavily in generative AI, marking potentially the largest job cuts in its history, as it shifts towards a leaner organizational structure and emphasizes AI-driven innovation.
Canada Goose is cutting about 17% of its corporate workforce as part of its ongoing "Transformation Program" following a string of retail layoffs, aiming to achieve efficiency and margin expansion while investing in key initiatives. The move comes after the company's sales growth fell short of analysts' expectations, with wholesale revenues particularly weak, reflecting a broader trend in the retail industry. The layoffs are part of a broader trend in the retail industry as companies seek to become more efficient and focus on profits amid a slowdown in consumer spending on discretionary items.
Levi Strauss plans to cut at least 10% of its global corporate workforce in the first half of the year as part of a restructuring, potentially affecting up to 15% of corporate employees. The apparel retailer's announcement comes amid a wave of early-year layoffs in the retail industry, with Macy's and Wayfair also announcing job cuts. The company's fourth-quarter earnings slightly missed analyst expectations, leading to a more than 2% drop in its shares in extended trading.
Taylor Olsen, a fitness influencer, made the unconventional decision to leave full-time influencing and enter the corporate workforce. Despite being a successful creator, the uncertainty of income and a cancellation incident led her to seek stability and structure. Working a 9-to-5 job has made her a better creator and allowed her to connect with her audience more authentically. She emphasizes that being an influencer isn't always as amazing as it seems and encourages others to consider the benefits of a stable career.
Walgreens Boots Alliance is laying off about 10% of its corporate employees, which represents 504 workers. The majority of the cuts will be at the company's Deerfield headquarters or its Chicago office. The layoffs are part of a series of steps the company is taking to drive sustainable cost savings to help fuel investments for future growth. Walgreens has denied that the layoffs are connected to the company's financial liabilities, including a $5.4 billion after-tax charge to cover opioid claims and litigation.