AWS streamlines its workforce, announcing several hundred job cuts across its Sales, Marketing, and Global Services, and Physical Stores Technology teams. The move, aimed at optimizing operations, signals a shift towards digital self-service training amid overlapping roles. Amazon commits to supporting affected employees with comprehensive transition plans, underscoring its strategic focus despite the global workforce reduction.
Paramount Global (PARA) plans to cut jobs in February, with around 800 layoffs initially speculated. The company has faced multiple rounds of layoffs and is also considering acquisition offers. Its stock value has decreased significantly due to challenges in the media industry.