-6.1 C
Beijing
Wednesday, January 28, 2026

UPS to cut 30,000 jobs and close 24 sites as Amazon volume “glide-down” continues

UPS plans to cut up to 30,000 jobs and close 24 facilities in 2026 as it reduces Amazon delivery volume, even as the company beat earnings estimates and forecast higher revenue for the year.

Wall Street pushes S&P 500 toward 7,000 while Dow falls as healthcare stocks tumble

Wall Street lifted the S&P 500 to a record and closer to 7,000 as earnings rolled in and the Fed meeting began, while the Dow slipped after health insurers sank on Medicare Advantage news.

Tesla stock in focus ahead of results as Wall Street debates growth vs profitability

Tesla is set for a key earnings test as investors watch margins, demand and pricing strategy, with the results expected to influence sentiment across the EV and tech markets.

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