Amazon reportedly plans to cut 30,000 corporate jobs, nearly 10% of its corporate workforce. This comes amid slowing AWS growth and industry-wide restructuring as companies adapt to economic pressures and AI transformation.
Paramount is preparing to lay off 1,000 workers as new CEO David Ellison implements his promised $2 billion cost savings plan. The cuts represent just the first phase of a broader restructuring strategy.
Meta’s recent AI division layoffs reveal a troubling pattern where companies automate away the very human friction that drives innovation. The pursuit of frictionless efficiency risks creating brittle organizations that scale without substance.
Electric vehicle manufacturer Rivian is reportedly cutting more than 600 positions, representing approximately 4.5% of its workforce. The layoffs come as the Trump Administration eliminates federal tax credits that had boosted EV sales.
Electric vehicle manufacturer Rivian is planning to eliminate more than 600 positions, according to an internal memo viewed by Business Insider. Sources indicate this represents approximately 4.5% of the company’s 15,000-strong workforce and marks one of several rounds of layoffs the automaker has conducted over the past three years.
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Austrian startup Refurbed has reportedly secured £44 million in new funding just eight months after reducing its workforce by 20%. The company, which operates a marketplace for refurbished electronics, plans to use the capital to expand into the UK market following recent profitability achievements.
Austrian startup Refurbed has reportedly raised £44 million in a recent funding round, according to sources familiar with the matter. The investment comes approximately eight months after the company implemented significant workforce reductions, cutting 20% of its staff earlier this year.
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