Starbucks Reports a Modest Sales Increase in Latest Quarter
Net income fell 85 percent, however, because of charges related to store closures and corporate layoffs.
Last updated: 2025-10-30 15:58:01 ET
Net income fell 85 percent, however, because of charges related to store closures and corporate layoffs.
Amazon is laying off 14,000 workers -- about 4 percent of its workforce. This is part of a larger trend by American companies. They're betting that they can grow without growing their workforces.
The delivery company said about 70 percent of the layoffs affected drivers and warehouse workers.
The announcement marked a significant de-escalation of a volatile trade war ahead of Trump’s Thursday meeting with Xi.