By LiveMint-Business
As Amazon moves to lay off 16,000 corporate employees, it has offered most US-based employees 90 days to look for new role internally. This decision contributes to a total of 30,000 job reductions in three months, as the company adapts to AI advancements and reduces management layers.
The day Amazon.com Inc. announced in June 2017 that it was acquiring Whole Foods for almost $14 billion, employees of the natural grocer packed into the company’s Austin headquarters to meet their new bosses.
Deutsche Bank AG is deepening its push into emerging-market credit, adding two executives in New York as part of an expansion that began last year and included the high-profile poaching of a star trader from a rival.
ASML Holding NV failed to satisfy investors with record orders in the fourth quarter as analysts continued to question whether the Dutch semiconductor equipment maker can sustain its artificial intelligence-fueled momentum.
