CNBC: Target’s recent trade imports data tells the real story behind massive earnings miss
CNBC reports: After its biggest earnings miss in two years and stock plunge, Target laid some of the ...
UPS: MULTI-MILLION PENALTY FOR UNFAIR EARNINGS DISCLOSUREWTC: PUNISHEDVW: UNDER PRESSUREKNIN: APAC LEADERSHIP WATCHZIM: TAKING PROFITPEP: MINOR HOLDINGS CONSOLIDATIONDHL: GREEN DEALBA: WIND OF CHANGEMAERSK: BULLISH CALLXPO: HEDGE FUNDS ENGINEF: CHOPPING BOARDWTC: NEW RECORDZIM: BALANCE SHEET IN CHECKZIM: SURGING
UPS: MULTI-MILLION PENALTY FOR UNFAIR EARNINGS DISCLOSUREWTC: PUNISHEDVW: UNDER PRESSUREKNIN: APAC LEADERSHIP WATCHZIM: TAKING PROFITPEP: MINOR HOLDINGS CONSOLIDATIONDHL: GREEN DEALBA: WIND OF CHANGEMAERSK: BULLISH CALLXPO: HEDGE FUNDS ENGINEF: CHOPPING BOARDWTC: NEW RECORDZIM: BALANCE SHEET IN CHECKZIM: SURGING
CNBC reports:
KEY POINTS
– Amazon on Wednesday began laying off some employees in its cloud computing and human resources divisions.
– The layoffs are part of the previously announced job cuts that are expected to affect 9,000 employees, on top of the 18,000 job cuts that took place earlier this year and last November.
– CEO Andy Jassy has been aggressively cutting costs across the company through layoffs, a corporate hiring freeze and by ending some experimental projects.
AMAZON on Wednesday began laying off some employees in its cloud computing and human resources divisions. Amazon Web Services CEO Adam Selipsky and human resources head Beth Galetti sent notes to staffers in the U.S., Canada and Costa Rica informing them of the job cuts.
“It is a tough day across our organization,” Selipsky wrote in the memo.
The layoffs are part of the previously announced job cuts that are expected to affect 9,000 employees. Last week, Amazon laid off some employees in its advertising unit, and it has let go staffers in its video games and Twitch livestreaming units in recent weeks. Amazon wrapped up a separate round of cuts earlier this year that affected approximately 18,000 employees. Combined with the cuts this month, it marks the largest layoffs in Amazon’s 29-year history…
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