Amazon CEO Andy Jassy said Tuesday that the company expects artificial intelligence “will reduce our total corporate workforce as we get efficiency gains” over time. “We will need fewer people doing some of the jobs that are being done today, and more people do other types of jobs,” Jassy added in a memo to Amazon’s … Read more
College graduates of the class of 2025 seek jobs at a special job fair for the new food and biomedicine industries in Huai ‘an City, Jiangsu Province, China, on June 8, 2025. Nurphoto | Nurphoto | Getty Images This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis … Read more
Steve Jobs knew he wasn’t an expert in filmmaking — even after funding a spinout of animation studio Pixar, which was originally division of production company Lucasfilm, in 1986. Jobs was “pretty amazing at saying, ‘this is not my business,’” chief creative officer at Pixar, Pete Docter, said at Fast Company’s Most Innovative Companies Gala … Read more
Hiring decreased just slightly in May even as consumers and companies braced against tariffs and a potentially slowing economy, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls rose 139,000 for the month, above the muted Dow Jones estimate for 125,000 and a bit below the downwardly revised 147,000 that the U.S. economy added in … Read more