Job cuts

Apollo Global Management (NYSE:APO) Chief Economist Torsten Sløk said there is “zero evidence” that artificial intelligence is causing job losses across the U.S. economy, arguing that current labor market data points to continued hiring rather than widespread displacement. In a...

Amazon.com Inc (NASDAQ:AMZN) is among the companies investing heavily in artificial intelligence, with $200 billion committed to 2026 to help the growth of many of the company's business lines. Amazon founder Jeff Bezos doesn't see an AI bubble forming yet and was quick to dismiss the notion that...

U.S.-based employers announced 83,387 job cuts in April, up 38% from March, according to a report released Thursday by Challenger, Gray & Christmas. The April total was down 21% from the 105,441 cuts announced during the same month last year. Still, it marked the third-highest April layoff...

Cloudflare Inc. (NYSE:NET) reported a strong first-quarter revenue beat but simultaneously announced it will cut roughly 20% of its global workforce as the web infrastructure giant fundamentally restructures its operations around artificial intelligence (AI). ‘Agentic AI-First’ Future...

Cryptocurrency exchange giant Coinbase Global (NASDAQ:COIN) could create volatility for the crypto sector when the company reports first-quarter financial results Thursday after market close. Here are the earnings estimates, what analysts are saying ahead of the report and the key items to watch...

Social media players such as Snap Inc (NYSE:SNAP) are tightening costs and refocusing growth strategies, as analysts at BNP Paribas, including Nick Jones, assess the company's path to profitability. Restructuring Drives Cost Discipline and Profit Focus Jones highlighted Snap's move to cut about 1,...

Technology giant Meta Platforms (NASDAQ:META) has been betting aggressively on the growth of artificial intelligence in recent years. This has come at the expense of eliminating jobs in the company's metaverse segment and spending less time on the areas that CEO Mark Zuckerberg once bet the company...

Shares of Meta Platforms Inc (NASDAQ:META) climbed higher Thursday after the company announced job cuts. With shares trading higher, Meta CEO and co-founder Mark Zuckerberg also saw his wealth soar, potentially at the expense of some of his company's employees. Meta Stock Gains, Zuckerberg's Wealth...

There has been a surge in layoffs across leading U.S.-based companies in recent weeks, signaling growing stress and cracks in the domestic labor market. Labor Market Shows Cracks On Tuesday, in a post on X, The Kobeissi Letter highlighted a string of recent layoff announcements by some of the...

Amazon.com Inc (NASDAQ:AMZN) could be overshadowed by recent negative headlines when it reports third-quarter financial results on Thursday after market close. Here are the earnings estimates, and the key items to watch. Earnings Estimates: Analysts expect the e-commerce giant to report third-...

Technology and social media company Meta Platforms (NASDAQ:META) could provide updates on spending, growth, and AI products when it reports third-quarter financial results on Wednesday after market close. Here are the earnings estimates, what experts are saying and key items to watch. Earnings...

The U.S. Supreme Court on Tuesday removed a key legal barrier to President Donald Trump‘s mass federal workforce reduction plans, potentially affecting tens of thousands of government employees while reshaping bureaucratic operations that impact market sectors from defense contracting to...

Experts have been debating the artificial intelligence-driven impact on employment with contradicting views. While market veteran like Jim Cramer thinks that “AI is still not trusted,” others see trouble brewing in the labor market due to the automation of several human-led jobs. What...

Monopoly maker Hasbro Inc. (NASDAQ:HAS) announced that it has cut 3% of jobs amid higher tariffs on imports from China. Here’s a list of five other publicly traded companies that have either reduced their workforce or intend to do so due to the impact of tariffs. What Happened: After...

Amazon.com Inc. (NASDAQ:AMZN) CEO Andy Jassy announced Tuesday that artificial intelligence will reduce the company’s corporate workforce due to efficiency gains, prompting immediate criticism from employees across internal communication channels. What Happened: Jassy told employees that AI...