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Just the Facts, from multiple news sources.

Companies like Amazon are betting they can slow hiring and still maximize profits

Summary

Amazon plans to lay off 14,000 workers, which is about 4% of its workforce. This move is part of a larger trend where companies in the U.S. are looking to increase profits without hiring more employees.

Key Facts

  • Amazon is cutting 14,000 jobs, which is 4% of its staff.
  • This strategy is part of a larger trend among U.S. companies.
  • Many companies believe they can boost profits even with fewer workers.
  • The focus is on growth without expanding the workforce.
  • These changes are part of efforts to maximize financial gains.

Source Information