30,000-Job Layoffs: Why Are Amazon and Applied Materials Cutting Jobs Amid the AI Boom?

Amazon is set to slash 30,000 corporate jobs, its largest layoff since 2022, while Applied Materials cuts 4% of its workforce.

Amazon is set to slash 30,000 corporate jobs, its largest layoff since 2022, while Applied Materials cuts 4% of its workforce.

The recent partnership announcement between $META and $AMZN marks a significant departure from their historical rivalry, signaling a strategic move to tackle common challenges and secure their positions in the evolving landscape of social commerce.