business news Archives - LN24 https://ln24international.com/tag/business-news/ A 24 hour news channel Thu, 30 Oct 2025 08:52:55 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://ln24international.com/wp-content/uploads/2021/09/cropped-ln24sa-32x32.png business news Archives - LN24 https://ln24international.com/tag/business-news/ 32 32 Amazon Lays Off 14,000 Corporate Workers Amid AI-Fueled Restructuring https://ln24international.com/2025/10/30/amazon-lays-off-14000-corporate-workers-amid-ai-fueled-restructuring/?utm_source=rss&utm_medium=rss&utm_campaign=amazon-lays-off-14000-corporate-workers-amid-ai-fueled-restructuring https://ln24international.com/2025/10/30/amazon-lays-off-14000-corporate-workers-amid-ai-fueled-restructuring/#respond Thu, 30 Oct 2025 08:52:55 +0000 https://ln24international.com/?p=28510 Tech giant Amazon has announced plans to lay off approximately 14,000 corporate employees as part of a sweeping effort to streamline operations and reduce costs amid a company wide restructuring.

The layoffs will affect several divisions, including Amazon’s books, devices, and services units, marking one of the largest corporate job cuts in the company’s history. While Amazon continues to expand its logistics and AI driven services, executives say the move is necessary to improve efficiency and position the company for long-term growth.

“We are reorganizing to better align with our strategic priorities and to operate with greater speed and focus,” an Amazon spokesperson said in a statement.

The cuts come despite record investment in artificial intelligence (AI) and automation programs that have reshaped many of the company’s internal operations. Analysts say the layoffs highlight how advances in AI are beginning to impact white collar corporate jobs, particularly in roles related to administration, support, and product management.

At the end of last year, Amazon employed around 1.56 million full time and part time workers globally, spanning its retail, cloud computing, and logistics divisions. The company has undergone a series of reorganizations since early 2024, when it began consolidating overlapping teams and reducing non core projects.

Industry experts view the restructuring as part of a broader trend across Silicon Valley, where major firms including Google, Meta, and Microsoft are prioritizing automation and AI integration over human led functions.

Despite the cuts, Amazon says it remains committed to hiring in high growth areas such as machine learning, cloud computing (AWS), and logistics innovation, even as it trims elsewhere.

“This is about efficiency, not contraction,” the company said. “We are preparing for the next decade of innovation.”

The announcement has sparked renewed debate over the balance between technological advancement and workforce stability in an era increasingly defined by AI-driven productivity.

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Qatar and Boeing Sign Historic $200 Billion Jet Deal https://ln24international.com/2025/05/15/qatar-and-boeing-sign-historic-200-billion-jet-deal/?utm_source=rss&utm_medium=rss&utm_campaign=qatar-and-boeing-sign-historic-200-billion-jet-deal https://ln24international.com/2025/05/15/qatar-and-boeing-sign-historic-200-billion-jet-deal/#respond Thu, 15 May 2025 10:10:49 +0000 https://ln24international.com/?p=24324 In a landmark aviation and trade agreement, Qatar has signed a $200 billion deal with U.S. aerospace giant Boeing to purchase 160 new jets for Qatar Airways, making it the largest aircraft order in Boeing’s history.

The deal was formally signed during U.S. President Donald Trump’s state visit to Doha, in a high-profile ceremony attended by Emir Sheikh Tamim bin Hamad Al-Thani, Boeing executives, and U.S. government officials.

President Trump hailed the agreement as a “massive boost” to U.S.–Gulf economic relations, stating:

“This is the biggest order Boeing has ever received. It shows the strength of our partnership with Qatar and the unmatched quality of American aviation technology.”

The agreement includes a mix of Boeing 777X, 787 Dreamliners, and 737 MAX aircraft, which will support Qatar Airways’ global fleet expansion and modernization strategy. The airline is aiming to increase efficiency, reduce carbon emissions, and serve new routes across Asia, Africa, Europe, and the Americas.

Boeing CEO Kelly Ortberg called the deal “transformative,” noting:

“This order reaffirms Qatar Airways’ position as a global aviation leader and sets a new benchmark for commercial fleet development. We are honored to deepen our ties with Qatar.”

The $200 billion contract is expected to create thousands of jobs in the U.S. aerospace industry and enhance bilateral trade between the U.S. and Qatar. It also underscores growing economic cooperation between the Gulf region and American manufacturers amid shifting global alliances.

Qatar Airways, already one of the fastest-growing airlines in the world, plans to begin taking delivery of the new aircraft starting in late 2026.

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Toyota Forecasts 20% Profit Decline Amid U.S. Tariffs and Currency Headwinds https://ln24international.com/2025/05/08/toyota-forecasts-20-profit-decline-amid-u-s-tariffs-and-currency-headwinds/?utm_source=rss&utm_medium=rss&utm_campaign=toyota-forecasts-20-profit-decline-amid-u-s-tariffs-and-currency-headwinds https://ln24international.com/2025/05/08/toyota-forecasts-20-profit-decline-amid-u-s-tariffs-and-currency-headwinds/#respond Thu, 08 May 2025 08:59:12 +0000 https://ln24international.com/?p=24136 Toyota Motor Corporation has projected a 20% drop in its annual profit, citing the effects of U.S. trade tariffs and a weakening dollar, which have significantly impacted its North American operations.

The world’s largest automaker by volume expects its operating income to fall to 3.8 trillion yen ($25.2 billion) in the fiscal year ending March 2026, compared to 4.8 trillion yen the previous year. The downgrade comes as Toyota grapples with currency fluctuations, higher labor costs, and increased pressure from U.S. trade policies.

Losses in North America, Toyota’s most important overseas market, widened as operating income fell by 100 billion yen. The company attributed the dip to ongoing restructuring efforts at its manufacturing plant in Indiana, which are part of a broader plan to streamline production and improve long-term efficiency.

“The U.S. remains a key market, but short-term volatility is impacting profitability,” said a Toyota spokesperson. “We are committed to adapting through restructuring and localized investments.”

Like many international carmakers operating in the United States, Toyota faces mounting labor expenses and could be compelled to boost capital spending if it decides to scale up its domestic manufacturing footprint to offset tariffs.

Analysts note that while the company remains fundamentally strong, headwinds from global economic shifts and geopolitical trade tensions may force Toyota to reevaluate its investment strategies, particularly in markets exposed to policy volatility.

Despite the challenges, Toyota confirmed that it remains on track with its electric vehicle development plans and is focused on maintaining competitiveness through technological innovation and supply chain optimization.

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