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Top Retail Sector News
Amazon · United StatesAmazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence while cutting costs elsewhere. In June CEO Andy Jassy, who has aggressively sought to cut costs since becoming CEO in 2021, said that he anticipated generative AI would reduce Amazon’s corporate workforce in the next few years.See the Story
Amazon cuts 14,000 corporate jobs as spending on artificial intelligence accelerates
55% Center coverage: 414 sources
UK Economy · United KingdomBritish retailers cut their prices in October, led by the biggest drop for food in almost five years, industry figures showed, offering a bit of relief to households before Halloween as well as the Bank of England and the government.See the Story
UK shop prices fall for first time since March, retailers say
75% Left coverage: 4 sources
