EUR/USD 1.14125
0.010%
Gold 4128.84
-0.025%
Oil 87.316
1.659%
USD/JPY 163.088
-0.032%
GBP/USD 1.33756
0.009%
GBP/JPY 218.145
-0.022%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
As of 8:30 on July 23, 2026, WTI crude oil, Brent crude oil and other commodities saw the largest fluctuations. A chart reviews the overnight price changes in the international market and their corresponding theoretical mappings in the domestic market.SEOUL, July 23 (Yonhap) -- South Korean President Lee Jae-myung will hold a large-scale national debate on real estate policy on July 23 to discuss the direction of the policy with various sectors. The debate will begin at 10:00 a.m. local time and last for 100 minutes, with 140 participants. Participants will hear the results of preliminary public opinion polls and special reports from experts in housing supply, finance, and taxation before engaging in free discussion on real estate policy. The South Korean government expects to refine its final tax reform plan based on the results of this debate and announce it as early as the end of this month.As of 8:30 AM Beijing time, spot platinum was down 0.04% and spot palladium was down 0.08%.Futures News, July 23rd - According to foreign media reports, Malaysian crude palm oil futures on the Bursa Malaysia Derivatives Exchange (BMD) are likely to open higher on Thursday morning, following gains in external markets. Affected by the ongoing conflict in the Middle East, international crude oil futures climbed on Wednesday, approaching a six-week high. Oil prices rose further during Thursdays electronic trading session, which will help Malaysian crude palm oil futures in early trading. Chicago soybean oil futures strengthened, and the El Niño phenomenon threatening palm oil production in Southeast Asia, coupled with Indonesias implementation of the B50 palm oil mandate starting this month, could lead to tight palm oil supplies and will continue to support palm oil prices. The Malaysian Meteorological Department stated that with the strengthening of El Niño, Malaysia will experience record-breaking high temperatures next year, raising concerns about declining palm oil production.July 23 (Futures News) – Escalating tensions in the Middle East and increased oil supply risks led to rising oil prices, with naphtha experiencing a significant increase and PXN prices severely compressed. Strong cost support kept PX prices rising throughout the day.

Amazon Will Lay Off Tens of Thousands of Workers

Charlie Brooks

Nov 15, 2022 17:39

12.png


According to a source with knowledge of the matter, Amazon.com Inc. will begin laying off about 10,000 corporate and technical employees this week. This would be the largest decrease in the company's history.


The cuts, which were initially reported by the New York Times, would affect around 3 percent of Amazon's (NASDAQ:AMZNcorp) staff. As Amazon firms evaluate their aims, the precise number may alter, a source told Reuters.


According to the source, the online retailer intends to eliminate positions in its devices division, which manufactures voice-controlled "Alexa" devices and home-security cameras, as well as in its human resources and retail divisions. Uncertainty persisted as to when Amazon will notify its staff.


The drop was attributed to the unpredictable macroeconomic environment in which Amazon and other businesses operate.


The discovery follows a wave of layoffs in the IT industry, which fears a recession after years of rapid expansion. In an effort to reduce expenses, Facebook's parent company, Meta Platforms Inc (NASDAQ:META), announced last week that it would eliminate nearly 11,000 positions, or 13% of its staff.


Amazon, headquartered in Seattle, forecasts a slowdown in Christmas sales growth.


Last month, on a conference call with reporters, Chief Financial Officer Brian Olsavsky reported that the company observed evidence of tighter household budgets for shopping and continued to struggle with high inflation and energy prices.


Since then, it has announced that it will freeze corporate hiring growth for several months.


The Wall Street Journal claimed last week that Amazon's gadgets segment has lost more than $5 billion annually in recent years. According to the article, the company has contemplated whether to focus on new features for Alexa given that some consumers use the voice assistant for a limited number of tasks.


Including warehouse and transportation employment, which increased Amazon's headcount to over 1.5 million on September 30, the projected layoffs represented less than one percent of the retailer's workforce.


This year, Amazon's stock has lost more than 40 percent of its value. Monday afternoon, the price dropped 1.1% to $99.67.

Suggestion