12.3 C
Beijing
Thursday, March 19, 2026

SEALSQ Secures $125 Million in Direct Offering to Fuel Post-Quantum Technology Expansion

SEALSQ Corp. announces a $125 million registered direct offering to accelerate its post-quantum and quantum technology commercialization in the U.S. and Europe.

Warner Bros. Sets Oscar Night Record as Paramount Mega-Merger Looms

Warner Bros. Discovery celebrates a record-matching 11 Oscar wins for films like 'One Battle After Another' and 'Sinners', all while facing major merger talks with Paramount that could reshape its future.

Public Storage Strikes $10.5 Billion Deal to Acquire National Storage Affiliates

Public Storage announces a $10.5 billion all-stock acquisition of National Storage Affiliates, expanding its self-storage portfolio and market reach.

Amazon confirms 16,000 job cuts after “Project Dawn” message was sent by mistake

BusinessAmazon confirms 16,000 job cuts after “Project Dawn” message was sent by mistake

Amazon has confirmed it is cutting about 16,000 corporate jobs, after an internal message about the layoffs was accidentally sent to employees ahead of the planned announcement, triggering confusion across parts of the company.

The reductions follow a previous round of roughly 14,000 corporate job cuts announced in October, making this the second major wave in about three months.

According to reporting, some staff received an internal note tied to an initiative referred to as “Project Dawn,” and in at least some cases the message was quickly pulled back or followed by a cancellation, suggesting it was sent prematurely.

Amazon has framed the move as part of a broader effort to remove layers, reduce bureaucracy and improve efficiency, including increasing the use of generative AI to automate parts of corporate work.

For US-based employees impacted, the company is offering a window to seek other roles internally before severance and transition support apply — reported as 90 days.

The cuts land as Amazon continues to report strong financial results, with AP noting the company recently posted a sharp increase in profit, reinforcing that the layoffs are being presented as restructuring rather than a response to immediate financial stress

Check out our other content

Check out other tags:

Most Popular Articles