insights

Tech Layoffs Keep Coming: For anyone wondering what AI’s impact on jobs will look like, it’s already starting to play out in real time. Amazon announced plans this week to cut 14,000 corporate roles, with total reductions that could eventually exceed 30,000, nearly 10% of its white-collar workforce. The company framed the move as part of a broader realignment around AI, reshaping its organization to operate more efficiently in an increasingly automated world. Much of the cov

More EV Write-Downs: GM announced it will take a $1.6 billion write-down tied to its electric vehicle business when it reports earnings next week, following Ford’s earlier disclosure of a roughly $1.9 billion hit from its EV division this year. Analysts have been expecting these kinds of adjustments for some time as EV adoption has slowed and consumer enthusiasm has cooled. Major automakers rushed to align with aggressive government policies that included steep purchase incen

Been a While: Nike finally delivered a bit of an upside surprise, something that’s been in short supply for a while. The company beat...