Amazon to close warehouse with mass layoffs

Key takeaways Amazon Florida Closure: Amazon plans to temporarily close its Homestead warehouse, laying off about 616 employees from July to September for renovations, with relocation bonuses offered. Facility expected to reopen in 2028 with ~1,000 employees. Tech Sector Cuts: …

READ MORE

ADP headline hides a weakening labor market. UPS and Amazon just erased 46,000 high paying delivery jobs in 24 hours. Low income households barely growing this year. Overall slowdown in consumer. Stocks at all-time highs

ADP National Employment Report And What the Headline Misses About Today’s Labor Market ADP says private employers added 41,000 jobs in December, framing it as a rebound. But when you slow down and look at where those jobs came from, …

READ MORE

AMAZON driver caught taking cat from home

A Los Angeles County pet owner is desperately searching for her cat after an Amazon delivery driver was seen on surveillance video carrying the animal away last week. In the video, posted to Facebook and shared with KTLA, a person wearing an …

READ MORE

Amazon launches its new Trainium3 AI chip to rival Nvidia and Google, and says it’s more “cost effective” than Nvidia’s. The Trainium3 chip has up to 4.4× higher performance and 4× more memory bandwidth.

JUST IN: Amazon launches its new Trainium3 AI chip to rival Nvidia and Google, and says it’s more "cost effective" than Nvidia's. The Trainium3 chip has up to 4.4× higher performance and 4× more memory bandwidth. byu/TonyLiberty inFluentInFinance Amazon stock …

READ MORE