live Israel continues strikes in Lebanon despite U.S.-Iran deal
A U.S.-Iran memorandum of understanding aimed at ending war between the two countries has been signed electronically by President Donald Trump and Ira...
Amazon says it will cut 16,000 corporate jobs, completing a plan to shed around 30,000 positions since October, as the company restructures and increases its use of artificial intelligence.
The layoffs affect nearly 10% of Amazon’s corporate workforce and mark the largest job cuts in the company’s history. Most of Amazon’s 1.58 million employees work in fulfilment centres and warehouses.
The company says the cuts are aimed at reducing management layers, cutting bureaucracy and increasing ownership across teams. Amazon’s top human resources executive Beth Galetti said some teams may still make further adjustments. Most U.S.-based employees whose roles are affected will be given 90 days to look for another job inside the company. Timing may vary in other countries depending on local labour rules.
Amazon has also announced it is closing its remaining Fresh grocery stores and Go markets and is dropping its Amazon One palm-scan payment system after years of investment.
The move comes as CEO Andy Jassy pushes to abandon underperforming businesses and streamline operations. He has said wider use of generative AI and internal AI agents will change how work is done across Amazon. Jassy has warned the company will need fewer people in some roles and more in others as efficiency gains from AI grow, and that overall corporate headcount is likely to fall in the coming years.
The latest round follows 14,000 job cuts announced in October, which Amazon linked to the growing role of AI and concerns about corporate culture.
Amazon also mistakenly sent an internal email referencing the layoffs as “Project Dawn” to some Amazon Web Services staff, unsettling thousands of employees. Workers across AWS, Alexa, Prime Video, devices, advertising and last-mile delivery teams say they have been affected.
Amazon has been cutting costs so it can invest more heavily in AI and in the rapid expansion of data centres. The company has said capital spending is expected to reach about $125 billion in 2026.
Shares in Amazon were up slightly in pre-market trading.
Donald Trump has said the U.S. will resume bombing Iran if Tehran doesn't "behave," at the sidelines of the G7 summit in France. Earlier, the U.S. President criticised Israel for its tactics against Hezbollah, saying it was unnecessary to bomb entire apartment buildings to tackle militants.
A U.S.-Iran memorandum of understanding aimed at ending war between the two countries has been signed electronically by President Donald Trump and Iranian President Masoud Pezeshkian. Meanwhile, Israel has continued to carry out lethal strikes on southern Lebanon.
U.S. President Donald Trump said a preliminary agreement to end the war in the Gulf has been signed by the U.S. and Iran, though details have yet to be made public and both countries said a permanent truce is yet to be negotiated.
A cyber extortion group has claimed it stole more than a terabyte of data from Danish pharmaceutical giant Novo Nordisk after the company allegedly refused to pay a $25 million ransom.
American technology company Snap has launched its first augmented-reality (AR) glasses for consumers, marking a major push into wearable computing as tech firms race to redefine personal devices in the AI era.
The U.S. has announced new visa restrictions targeting individuals it says are undermining peace efforts in Ethiopia, focusing on hardline members of the Tigray People's Liberation Front (TPLF) and their immediate family members amid rising tensions in the country's north.
A Ukrainian drone strike has hit an oil refinery in south-east Moscow for the second time in three days, triggering a major fire, disrupting flights across the Russian capital and highlighting growing vulnerabilities in the country's energy infrastructure.
The United Arab Emirates has introduced a minimum age of 15 for social media use, becoming the first country in the Arab world to impose such a restriction amid growing global concerns about the impact of digital platforms on children.
Russian President Vladimir Putin has welcomed the recent agreement between the U.S. and Iran, saying it could help stabilise the Middle East and ease pressure on global energy and food markets.
More than 100 Chinese companies approved for inclusion on the United States' most powerful trade restriction list have not yet been formally added, as Washington has decided, for now, not to proceed, according to a report by Reuters.
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