Amazon Is Laying Off 14000 People Despite Making 18 Billion In Quarterly Profits Post Goes Viral
New Delhi, Nov. 15 -- In late October, e-commerce giant Amazon sent e-mails to thousands of corporate employees, telling them that they're being laid off. They confirmed that over 14,000 corporate positions have been affected, which is about 4% of their white collar workforce. As per reports, more layoffs are likely in January after the holiday season ends. When quizzed about why layoffs were happening when the company basically minted $18 billion in quarterly profits, executives basically admitted that AI was a factor. While everyone knows and expects that AI is eating away at jobs, these huge numbers are causing concerns for employees, especially because many well-performing ones have also been impacted. One of these people, seems to be a Reddit users' friend, and she's posted a warning message, saying that no job is safe now - here's why. #amazon #layoffs #technology Mint is an Indian financial daily newspaper published by HT Media. The Mint YT Channel brings you cutting edge analysis of the latest business news and financial news. With in-depth market coverage, explainers and expert opinions, we break down and simplify business news for you.
2025-11-15T08:04:51Z
Nitish Kumar's Political Journey: From JP Movement to Record 10th Term as Bihar Chief Minister
This special report from India Today delves into the four-decade political career of Nitish Kumar, Bihar's longest-serving Chief Minister. The bulletin examines his origins in the JP movement, his engineering background, the formation of the Janata Dal (United), and his numerous strategic alliance shifts between the NDA and other opposition fronts, which have cemented his position at the centre of Bihar's governance. The report notes that while his rival Lalu Prasad Yadav's politics focused on social justice, 'Nitish represented Sushasan, which promised roads and schools'. It covers his journey through various coalitions, including the Mahagathbandhan and the INDIA bloc, and his repeated returns to the BJP-led NDA, culminating in the alliance's recent landslide victory in the state.
2025-11-15T06:45:09Z