What Happened? | Amazon announced plans to eliminate 30,000 corporate jobs beginning Tuesday, according to an internal company report cited by Reuters. Although Amazon employs 1.5 million people, roughly 350,000 work in corporate roles, and the new layoffs would cut nearly ten percent of those corporate jobs. | The cuts would impact nearly every division or department of Amazon's corporate structure, from human resources to Amazon Web Services. No specific reasons were given for the cutbacks. The cuts come after Amazon has already cleared thirty-five billion dollars in profits for the first half of 2025. | Why it Matters | Amazon's job slashing is part of a larger trend that has been growing in 2025. UPS has eliminated nearly 48,000 jobs this year, Target cut 1,800 corporate jobs, and technology companies, including Meta, have also been cutting jobs. | In the past, when companies increased their profits, they often hired more workers so they could continue to grow, but today the trend is reversed, and companies now tend to reduce their workforces when profits go up. That trend is making good-paying jobs more scarce despite increasing economic growth. | | America's Newest $1B Unicorn Has Arrived | | A U.S. startup just hit a $1 billion valuation, joining billion-dollar private companies like SpaceX, OpenAI, and ByteDance. | Unlike those other unicorns, you can invest.* | Over 35,000 people already have. So have industry giants like General Motors and POSCO. | Why all the interest? EnergyX's patented tech can recover 300% more lithium than traditional methods. That's a big deal, as demand for lithium is expected to 18X current production levels by 2040. | Now, they're moving to commercial production, tapping into 100,000+ acres of lithium deposits in Chile, a potential $1.1B in annual revenue opportunity, at projected market prices. | Right now, you can invest at $10/share before the price changes on October 30. | | Amazon has pledged to spend 120 billion dollars on artificial intelligence (AI) programs, which includes the construction of enormous data centers that make AI programs work. Is AI to blame for the recent cutbacks in corporate America? As more companies integrate AI into their internal processes, it seems likely that those actions are translating directly into job losses for human workers. But the way it's happening likely differs from the expectations of conventional wisdom. | Rather than AI replacing individual workers or jobs, the anticipation of how AI will be integrated into company processes is already altering the overall workflow on an enterprise level. AI is expected to create new corporate structures which have yet to emerge, and those new structures would require fewer workers. What's remarkable is that Amazon appears to be cutting its workforce not because of what AI is already doing, but because of what they expect AI to do in the future. | An internal announcement at Amazon explaining the job cuts came from CEO Andy Jassy, who said, 'We need to remember that the world is changing quickly, and we're convinced a leaner workforce is the key to leading in the AI era.' Amazon is betting big that the AI era not only has arrived, but that it will remain for the foreseeable future. Other companies seem to be leaning in a similar direction. | How it Affects You | Whether the AI era will be long-lasting remains to be seen, but companies like Amazon are already making structural changes in anticipation of AI becoming the new norm in business operations. That will likely mean more layoffs for white collar workers in the next several years as AI infrastructure is completed, allowing more AI programs to come online and those that already exist to have more robust capabilities. | | More breaking news below… | Jerome Powell says the shutdown is blinding the Fed's view of the economy, forcing it to make key decisions without the data to back them. Read more here… | Rent prices are slowing as immigration declines under Trump, reshaping the housing market and reframing the immigration debate through the lens of affordability. Read more here… | NATO forces down Russian drone near Camp Reedo in Estonia, thirty miles from the border with Russia. Read more here… | | *This is a paid advertisement for EnergyX's Regulation A+ Offering. Please read the offering circular at invest.energyx.com/. Under Regulation A+, a company has the ability to change its share price by up to 20%, without requalifying the offering with the SEC. |
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