Amazon to Close Amazon Go
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According to Visa's update, physical retail accounted for 73% of total spending. That's also good news for Amazon shareholders, since it implies that Amazon still has a huge untapped opportunity in shifting retail sales to e-commerce.
Amazon is reportedly set to lay off another 14k employees on the heels of a similar number of layoffs in 2025.
Amazon is laying off 14,000 corporate employees. The company said it's cutting roles to help make the company leaner and less bureaucratic, while it looks to invest in generative artificial intelligence. The layoffs are expected to ultimately be the ...