Amazon CEO Andy Jassy told employees Tuesday that AI will shrink the company's corporate white-collar workforce over the next few years, citing "efficiency gains" as the driving force. Amazon employees weren't having it.Across internal Slack channels, Amazon's white-collar workers tore into Jassy's message, taking aim at his leadership and unapologetic push for AI, according to messages seen by Business Insider. Business Insider viewed dozens of messages found across three different internal channels, whi ...

Amazon CEO Andy Jassy, in a Tuesday statement, said he expects that artificial intelligence will mean job cuts for white-collar workers. "As we roll out more Generative AI and agents, it should change the way our work is done," Jassy said. "We will need fewer people doing some of the jobs that are being done today, and more people doing other types of jobs."He continued: "It's hard to know exactly where this nets out over time, but in the next few years, we expect that this will reduce our total corporate ...

Tesla plans to pause production on Cybertruck and Model Y lines for a week at its Austin factory, Business Insider has learned. It would be at least the third such shutdown in a year. In a meeting earlier this month with workers, the company said the shutdown would begin the week of June 30, and production would resume the following week, according to a person familiar with the matter. During the pause, employees can use paid time off or come in for voluntary training and cleaning.The pause would enable th ...

Boeing expects to significantly expand its operations in Europe as defense and geopolitical tensions take center stage at this week's Paris Air Show. Tuesday's media briefing, Boeing's first of the event, focused on its partnerships with European firms and growing defense opportunities on the continent."We're expecting a very, very significant expansion in the next 10 years, and that is not just across our services business, but across additional programs," said Turbo Sjogren, senior vice-president for gov ...

Costco is about to find out how popular its gas really is. The wholesale club is planning to build a stand-alone 40-bay gas station in Mission Viejo, California, a suburb of Los Angeles.The project comes after the company recently extended operating hours at several of the gas stations at its warehouses. Executives said the strategy led to a distinct uptick in sales. The new development will be about two miles from two existing Costco warehouses, one of which already has a gas station. Many other Costco g ...

Southwest Airlines is rolling out advanced cockpit alert systems across its entire fleet of Boeing 737 aircraft to help pilots avoid dangerous runway mistakes, including wrong-surface takeoffs, high-speed landings, and unstable approaches. The airline has equipped more than 700 aircraft with SmartRunway and SmartLanding software developed by Honeywell Aerospace Technologies, a global aviation technology firm.The programs work by providing pilots with real-time visual and audio alerts during taxi, takeoff, ...

Group 1 - Oracle has appointed two new presidents, Clay Magouyrk and Michael Sicilia, as part of a succession plan for co-founder Larry Ellison [1][2] - Magouyrk, who has a background as a former Amazon software development engineer, has rapidly ascended within Oracle since joining in 2014 and currently oversees Oracle Cloud Infrastructure [3] - Sicilia is the executive vice president of Oracle Industries and has been leading the company's acquisition of Cerner [3] Group 2 - The new executives are expected to help Oracle gain traction in the cloud-computing market, which has seen Oracle shares reach a record high after beating analyst estimates and raising revenue forecasts [4] - Analysts from Piper Sandler noted that Oracle has entered a new wave of enterprise popularity reminiscent of the late 1990s Internet era [4]

Group 1 - Mattel has partnered with OpenAI to integrate artificial intelligence into its toy brands, focusing on innovation, privacy, and safety [1][2] - The first AI-powered product is expected to launch later this year, with Mattel retaining full control over its intellectual property [2] - Mattel plans to use OpenAI tools like ChatGPT Enterprise in its business operations, reflecting a strategic shift amid declining toy sales [3] Group 2 - The toy industry is experiencing weaker demand, influenced by consumer spending pullbacks and uncertainty regarding trade policies [4] - Mattel has withdrawn its annual forecast and is increasing prices on some products in the U.S. to counteract tariffs, raising its cost-savings target for the year from $60 million to $80 million [7] - To mitigate the slowdown in toy sales, Mattel has been leveraging entertainment avenues such as movies, TV shows, and mobile games [8]

You probably don't know who Alexandr Wang is. But that's going to change: The 28-year-old is about to become known as the guy Mark Zuckerberg spent $15 billion on. Wang is the CEO of Scale AI, a data company that works with giant AI leaders like Meta and OpenAI. And Meta is reportedly about to spend $15 billion to buy a 49% stake in Scale AI.What does Meta get for that investment — which values Scale AI at close to $30 billion, about double its last valuation from a year ago? In theory, that money lets Me ...

Lockheed Martin shares dropped as much as 7% on Wednesday after news that the Pentagon is asking for half of the F-35s it initially forecast for the Air Force. The defense contractor's shares recovered to $456 at market close, or about 4.2% lower from $476, the price at the end of Tuesday's trading day.Bloomberg reported on Wednesday that a procurement document sent to Congress indicated the Defense Department is requesting only 24 F-35 Lightning II Joint Strike Fighters for the Air Force, down from 48 tha ...