latest news in companies
Amazon Slashes 16,000 Corporate Jobs to Fuel Massive AI Investment
Seattle, Wednesday, 28 January 2026.
Confirmed following an internal email error, these cuts bring recent reductions to 30,000, strategically shifting resources to support a projected $125 billion investment in artificial intelligence infrastructure.
MONEYME Targets Multi-Billion Dollar Growth via Strategic Credit Card Partnership with Luxury Escapes
Sydney, Wednesday, 28 January 2026.
MONEYME aims to capture a share of Australia’s $40 billion credit market by powering a new card for Luxury Escapes, instantly accessing over 9 million potential premium customers.
Meta Commits $6 Billion to Corning for AI Data Center Expansion
Menlo Park, Wednesday, 28 January 2026.
This strategic $6 billion partnership for AI-ready fiber optics propelled the 175-year-old glassmaker to its best market day in decades, signaling a critical infrastructure shift toward power-efficient data transmission.
Amazon Pivots Grocery Strategy, Closing Fresh and Go Chains to Expand Whole Foods
Seattle, Tuesday, 27 January 2026.
Amazon shutters 72 tech-centric stores, citing unscalable economics for its cashierless experiment. The strategic pivot consolidates physical retail under Whole Foods while aggressively expanding same-day delivery networks.