Behind the wave of white-collar layoffs: Old-school cost cutting, tariffs and, yes, AI
1. Amazon announces 14,000 corporate layoffs, aiming to streamline operations. 2. Layoffs signal economic concerns but AI's impact on jobs is debated. 3. Capital expenditures expected to rise to $125 billion amid AI investment. 4. Amazon plans to continue hiring in strategic areas despite layoffs. 5. UPS cuts ties with Amazon, opting for higher-margin services.