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Amazon is calling it quits on its Fresh grocery and Amazon Go convenience store concepts as it realigns its grocery strategy around online delivery and Whole Foods, the company announced.
Bloomberg's Caroline Hyde and Ed Ludlow discuss Amazon's plans to cut nearly 5% of its corporate workforce. Plus, ASML posts record fourth-quarter orders as AI drives demand for its most sophisticated
JERSEY CITY, N.J., Jan. 28, 2026 (GLOBE NEWSWIRE) -- Following the announcement that Amazon will slash an additional 16,000 jobs globally to "streamline operations" and pivot toward AI-driven infrastr
Major equities indexes were little changed Wednesday after the Federal Reserve kept interest rates steady, as expected. Earlier in the session, the S&P 500 hit the 7000 level for the first time.
Amazon will lay off approximately 400 workers in Washington state as part of its decision to close all Amazon Go and Amazon Fresh stores across the country, according to a notice filed with the state
Ecommerce giant Amazon and high-end brands LVMH and Chanel have been appointed to Saks Global's newly formed creditors committee, which will give them a stronger voice in the luxury ​retailer's bank
Amazon's corporate ranks are about to get smaller.
Amazon is cutting 16,000 corporate jobs. Internal memos show how some Amazon executives are communicating about the layoffs.

Amazon to Cut 16,000 More Corporate Roles

01:21pm, Wednesday, 28'th Jan 2026
Amazon is cutting 16,000 corporate jobs worldwide in an effort to remove layers of bureaucracy. Bloomberg's Spencer Soper discusses the details with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.

OpenAI's Backers May Be Doubling Down

01:13pm, Wednesday, 28'th Jan 2026
OpenAI's next funding round is ballooning fast, and now it looks like some of the biggest names in tech want back in. According to CNBC, Nvidia (NVDA) and Micro
Amazon ( NASDAQ:AMZN ) just announced 16,000 job cuts worldwide, the second massive layoff in four months following 14,000 cuts in October.
Amazon said this week that it was closing almost all of its Amazon Go and Amazon Fresh locations within days as it narrows its focus on food delivery and its grocery chain, Whole Foods Market.
The headcount reduction is the second phase of a plan to eliminate around 30,000 corporate roles, which was first announced this past fall.
Amazon is cutting 16,000 corporate jobs An internal FAQ viewed by Business Insider includes details for affected employees. This is the second big layoff by Amazon since October.
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