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Amazon announces fresh round of layoffs, to cut 9,000 jobs in coming weeks | Oneindia News

Video Credit: Oneindia - Duration: 02:16s - Published
Amazon announces fresh round of layoffs, to cut 9,000 jobs in coming weeks | Oneindia News

Amazon announces fresh round of layoffs, to cut 9,000 jobs in coming weeks | Oneindia News

Amazon has revealed plans to cut around 9,000 jobs from its cloud services, advertising and Twitch units as recession fears loom.

The announcement was made by CEO Andy Jassy via a memo to staff mere weeks after the company laid off around 18,000 employees.

Meanwhile, the company will continue to hire in some strategic areas.

#Amazon #AmazonLayoffs #Layoffs


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These US Cities Have the Highest Populations of Millionaires [Video]

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These US Cities, Have the Highest Populations of, Millionaires. According to a report by Henley & Partners, the United States remains the top country in the world for private wealth creation and accumulation. Quartz reports that the U.S. accounts for about 32% of global liquid investable wealth, valued at approximately $67 trillion. Here are some of the cities with the largest populations of millionaires, according to the report. Austin, This Texas city had the biggest explosion in millionaire growth in the U.S. over the past ten years, reaching 32,700 by the end of 2023. . Miami, This Florida city is home to 35,300 millionaires and 15 billionaires, including Amazon CEO Jeff Bezos. Boston, While having just eight billionaires, the fewest of any other city on the list, this New England city is home to , 42,900 millionaires. Seattle, This Washington State city is the home of some of the largest corporations in the U.S., including Amazon and Microsoft. It's also home to 54,200 millionaires and 11 billionaires. . Chicago, Approximately 120,500 millionaires live in this Midwestern metropolis. . Los Angeles, The second-most populous city in the U.S. has about, 212,100 millionaires and 43 billionaires. San Francisco, The tech hub of the U.S. boasts the most billionaires with a whopping 68, as well as the second-most millionaires with 305,700. . New York, The city with the most high net worth individuals has about , 349,500 millionaires and 60 billionaires

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Data Shows US Wages Falling at a 'Striking' Pace [Video]

Data Shows US Wages Falling at a 'Striking' Pace

Data Shows , US Wages Falling , at a 'Striking' Pace. Fox News reports that wage growth in the United States has slowed significantly over the past year. . According to new data from Indeed, wage growth is beginning to near pre-pandemic levels. . Indeed's wage tracker showed that salaries have had a marked drop since January 2022, suggesting that employers are seeing less competition for new hires. The pace of deceleration is striking. Posted wage growth has fallen by almost 3 percentage points over the past year, Nick Bunker, Indeed labor economist, via Fox News. Fox News reports that the most pronounced deceleration was found in low-wage sectors. . Given the huge run-up in posted wages for those sectors, wage growth is still above its pre-pandemic pace. How long this will last is uncertain, Nick Bunker, Indeed labor economist, via Fox News. After remaining historically tight throughout the last year, the labor market is expected to continue slowing in the coming months amid elevated interest rates. Since March of 2022, the Federal Reserve has increased interest rates 11 times in an attempt to slow down inflation and cool the labor market. Since March of 2022, the Federal Reserve has increased interest rates 11 times in an attempt to slow down inflation and cool the labor market. In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. . In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. . In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. . Despite this, job growth has remained resilient, with employers adding 275,000 jobs in February. . At the same time, Labor Department data shows that the unemployment rate for the month also rose to 3.9%.

Credit: Wibbitz Top Stories    Duration: 01:31Published
Jeff Bezos takes over Elon Musk as World's Richest Person | Bloomberg Billionaire Index | Oneindia [Video]

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Credit: Oneindia    Duration: 01:29Published
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Credit: Wibbitz Top Stories    Duration: 01:31Published
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Credit: Wibbitz Top Stories    Duration: 01:31Published

Oneindia Indian online news portal

Moscow Attack: More Than 100 Russians Still Missing Days After Concert Hall Attack| Oneindia News [Video]

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