live Trump says Iran war could end 'pretty soon'
Shipping traffic through the Strait of Hormuz and the Bab el-Mandeb Strait, two key maritime chokepoints in the region, decreased significantly from t...
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.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 5th of August, covering the latest developments.
U.S. President Donald Trump said there was an "all-day negotiation" on Tuesday with Iran, characterising the talks positively while also threatening to hit Iran "really hard" if a deal was not reached.
Shipping traffic through the Strait of Hormuz and the Bab el-Mandeb Strait, two key maritime chokepoints in the region, decreased significantly from the previous day, according to shipping data.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 6th of August, covering the latest developments.
Kazakhstan’s main oil export corridor was disrupted by drone strikes near Russia’s Black Sea coast in July, forcing a temporary suspension of crude loadings and raising fresh concerns over the vulnerability of regional energy infrastructure to the war in Ukraine.
Türkiye's ruling alliance on Wednesday (5 August) submitted a bill to parliament aimed at advancing peace with the outlawed PKK by offering legal protections to former militants who disarm.
Ukraine has warned that its ability to defend against Russian missile attacks is weakening as Moscow appears to be expanding its missile arsenal ahead of a possible winter campaign targeting critical infrastructure.
Azerbaijan and Ukraine are seeking to deepen cooperation in energy, reconstruction and trade, with Baku signalling its readiness to supply natural gas to Ukraine and expand its role in rebuilding projects following high-level talks in Kyiv.
The UK government announced a new package of sanctions on Thursday (6 August) aimed at disrupting Russia's financial sector and oil exports, expanding pressure on Moscow more than four years after its full-scale invasion of Ukraine.
Ukraine’s National Security and Defense Council (NSDC) has approved Kyiv’s Resilience Plan for the autumn-winter season, aimed at strengthening the capital’s ability to withstand continued Russian attacks and ensuring the uninterrupted operation of critical services.
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