Morning Business Report: Amazon plans major automation shift, Warner Bros. mulls sale, Dow hits record, Walmart pauses H-1B hiring

Amazon is reportedly planning to automate much of its workforce.

(LILAMAX)- Amazon is reportedly planning to automate much of its workforce. According to The New York Times, leaked internal documents show the company’s automation team aims to make 75% of operations fully automated — allowing Amazon to avoid hiring up to 600,000 workers globally by 2027. In the U.S. alone, that could mean 160,000 fewer hires, saving an estimated 30 cents on every item packed and delivered.

Meanwhile, Warner Bros. Discovery is reportedly exploring the sale of some or all of its media assets, including the studios behind Superman, Harry Potter, and the HBO network, along with CNN and TNT. Sources say Paramount made a second offer for the company, which Warner rejected this week.

On Wall Street, the Dow Jones Industrial Average closed at a new record high, briefly trading above 47,000 for the first time before settling just below that mark.

In the corporate world, Walmart has paused job offers for candidates requiring H-1B visas, citing the Trump administration’s $100,000 visa fees. The change primarily affects corporate positions, as Walmart is one of the largest H-1B visa users among major U.S. retailers.

And to prepare for the holiday rush, Macy’s will hold a nationwide hiring event Thursday, October 23, from 11 a.m. to 6 p.m. Seasonal workers can expect competitive pay, weekly paychecks, and employee discounts at both Macy’s and Bloomingdale’s. Those unable to attend in person can apply online for seasonal roles.