The Rundown Amazon Cuts 14,000 Corporate Jobs, PayPal Signs Shopping Deal with OpenAI
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Oct 28, 2025 Amazon plans to slash 14,000 corporate jobs as it embraces AI-driven automation. Excitingly, PayPal has teamed up with OpenAI for seamless in-chat purchases. Meanwhile, the chatter around potential mergers among chip suppliers is heating up, hinting at significant consolidation in the tech sector. Gold prices are dipping, affecting major mining stocks, while Microsoft announces a Halo remake across multiple platforms, showing a bold shift in gaming strategy.
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Amazon's AI-Driven Restructure
- Amazon is cutting 14,000 corporate jobs as it pivots to AI and automation across operations.
- The company plans massive automation spending and may replace hundreds of thousands of warehouse roles with robotics over time.
AI's Immediate Economic Impact
- AI is already reshaping businesses beyond tech giants, forcing layoffs in other sectors.
- Chegg cited AI as a core reason for cutting nearly half its staff after students shifted to ChatGPT.
Integrate Commerce Into AI Experiences
- Merchants and platforms should integrate AI-driven shopping experiences to meet users where they are.
- PayPal integration into ChatGPT lets users buy inside the chatbot and gives merchants access to 800 million weekly active users.