Layoffs hit Amazon, UPS, Target, and more — but it has little to do with AI
Thousands of workers are facing job losses at Amazon (AMZN), UPS (UPS), Nestlé (NSRGY) and other major companies, in an economy defined by uncertainty, AI and global tensions. Amazon said Tuesday in a message to employees that it would reduce its “corporate workforce” by approximately 14,000 positions. The announcement raised the question: Was this a…