AFFILIATE MARKETING
45 Ways To Make Money Working At Home
Whether you are a college student, a teenager, a stay-at-home mom, or a busy father, doing some extra work can help you earn more money. In fact, you may even make a full-time income from the comforts of your home. Luckily, there are more and more online jobs that you can enter quickly, and experts believe that this trend will continue well into the future.
So, if you are looking for a new career or a part-time job which lets you earn a profit from home, we have made a list of the 45 ways to make money working at home.
1. Take Part In Surveys
A lot of companies rely more on online surveys than interviewing one-by-one. This is a more affordable strategy that is less time consuming and simpler in profiling customers. With this in mind, more and more websites are offering cash and rewards just for answering product tests and service surveys. Many users have revealed that they receive approximately $200 per month along with some free products, gift vouchers, and prize drawings.
Remember, if a survey site asked you to pay a membership fee, these are probably scams. Do not trust them. Here are some of the legitimate websites you can visit:
2. Be An Airbnb Host
Do you have a vacation house that you rarely use? Or an extra room where you live? Why not maximize it and rent it out on Airbnb. According to statistics, you can pay up to 80 percent of your monthly rents just by listing these rooms or houses on the said website. You can even rent out a whole apartment where the rates are significantly higher. Believe it or not, the annual profits from doing so range from $15,000 to $30,000 for a two-bedroom apartment.
3. Sell On Amazon
Amazon is the world’s largest online retailer. Because of its broad reach, there are a lot of people who buy and sell items on the platform. Professionals recommend that you sell stuff that you are most passionate about so that you can add some authenticity to it. For example, if you are more inclined to the world of fashion, then it’s better to promote items like clothes, makeup, and jewelry. This way, you’ll find satisfaction and enjoyment in this endeavor.
If you want to know the nitty-gritty of selling on Amazon, you may enroll in this FREE 7-day course by Jessica Larrew of The Selling Family.
4. Search The Web
Believe it or not, you can also earn money from a task that you do every day – searching the web. Qmee.com came up with an innovative idea by rewarding users when you surf in Yahoo, Google, or Bing. All you have to do is install an add-on to your browser, and you are good to go.
This organization sustains its operations through paid ads. So don’t be surprised when you see a few sponsored search results alongside the normal ones.
So, how does it work? Each result has a corresponding cash reward. If you click on it, you will be able to collect your prize. If you feel like cashing out your earnings, you can do it anytime since there is no minimum amount to do so. Just make sure to wire it to the correct Paypal account.
5. Watch Videos
A lot of people watch videos in their free time. But, what if we tell that you can get paid for doing this as well? All you have to do is watch movie previews, celebrity videos, news, and other more.
There are websites that pay you to watch these offerings for a certain number of minutes, and like them rate them at the end. You may earn around $200 per month. You can earn even more if you want to spend your day doing this. Take note that some organizations give you a signing bonus of $5.
6. Be A Music Reviewer
Are you a fan of music? A website called Slicethepie is considered one of the largest paid music review sites in the world. It pays its users to listen to different kinds of music and write a detailed review about it. It does not work like a usual writer where you are given a base rate per word. Your earnings will depend on the quality of your review – the more constructive and more detailed it is, the higher the pay.
Remember, however, that the minimum cashout is $10. Once you have reviewed enough songs, your earnings will automatically be sent to your Paypal account.
7. Be An Online Tutor
Nowadays, becoming an online tutor does not require you to be with your students physically. All you need to have is a stable internet connection, a reliable laptop, a microphone, and a headset. These are the minimum requirements that online tutorial companies ask from their applicants.
Some websites help both high school and college students with subject and course-specific questions. Others even assist these students with their daily homework. Whatever your role will be, it will still require you with an excellent educational background and professional experience.
Overall, tutors earn around $15 to $25 per hour.
8. Review Apps And Websites
If you are a fan of apps and criticizing websites, then you can use this to earn extra cash. UserTesting.com is a platform that individuals use to review different types of sites. Each test and review will take approximately 20 minutes and you’ll earn an average of $10.
You probably won’t be required to review a site every day. Check your inbox once in a while to see if UserTesting.com has sent you a link to site or app for you to judge.
9. Stay Healthy
A lot of sites out there provide opportunities for their users to stay healthy. AchieveMint, a health app, rewards you with points for doing good deeds such as tracking your food, walking, jogging, and taking health surveys. For every 10,000 points you earn, you will be able to convert this to $10. You may redeem this in exchange for cash or Amazon Gift Cards.
What’s unique about this program is that you can connect it to your current fitness apps such as RunKeeper, MyFitnessPal, Fitbit, and Healthkit. This approach enables you to integrate your activities from your original apps to AchieveMint.
10. Be A Customer Service Representative
Several companies outsource their customer-service operations to third-party companies. Their reason for this is to cut their operational costs since they won’t have to rent a space where these people can do their job. These agents are home-based workers that take calls and orders for the outsourcing company.
The typical rate of this job ranges around $9 to $11 per hour. Some companies give their customer service representatives the same benefits as their regular employees. However, other employers consider these people as independent contractors, so they don’t provide the said benefits.
Some examples of companies which hire virtual call agents are as follows:
11. Write And Publish An ebook
There are a lot of writers who store their compositions on a notebook or laptop. However, you can take advantage of this skill by selling these through the Amazon Kindle Store. You can list your book for $1.50 to $8.00 and get 70 percent of the sale.
Remember, everything is going digital nowadays. A lot of people around the world already have the Kindle app on their devices, so your target market is enormous. At the same time, most customers trust the services of Amazon – you don’t have to worry about getting scammed by your publisher.
Here are some tips on how to make your eBook stand out:
- Write non-fiction. Make sure that you write something that you are an expert in, bundle information that you have researched, and present it in an easy-to-read format.
- Create a creative cover design that will entice your audience to buy it.
- Ask for reviews from your buyers, so it shows up higher on the search results.
Visit The Amazon Kindle Store Now
12. Become A Freelance Writer
With the rise of the digital age, more and more people are relying on transferring information through the online platform. Usually, these clients look for freelance writers that can sustain the content of their websites and blogs. When in this arena, you will get to experience to write and edit about anything under the sun – from psychology to business to technology. Your pay for each article ranges from $10 to $20 per 500-word piece.
Take note that your salary will also increase depending on your skill, experience, and tenure. So, make sure to compile all of your compositions so you can show it as proof to your potential employer.
13. Become An Online Juror
Do you know that there is a thing such as an online juror? Several companies, such as eJury.com, look for online jurors to sit on mock juries virtually. Their role is to provide the jury consultants and attorneys their feedback and opinion on their plans on the cases they are currently handling. You can compare this with focus groups.
Remember, the cases are real. They just need to present their arguments to a mock jury so they can have an idea of how things might go when in court. You can earn around $5 to $60 per case. Just a little reminder: make sure to read the disclaimers and details on the contract. Be cautious since you are dealing with legal scenarios.
14. Teach English
More and more individuals abroad are now seeking for an English tutor. One of them is VIPKID. VIPKID is an English tutor company which gives the privilege to work from home, work on your own schedule, and still make approximately $20 per hour. All you have to do is apply, study their modules, and have the patience to teach your non-English speaking clients.
Listed below are some of the requirements you need to fulfill before getting accepted in VIPKID:
- Teaching experience is required
- Must have an undergraduate degree
- Stable internet and fast computer
- Should be patient and fun
15. Engage In Affiliate Marketing
If you have a website or a blog that already has high online traffic, then you can maximize this by engaging in affiliate marketing. Affiliate marketing refers to the promotion of all sorts of products, services, and companies online. Once your visitors click on your affiliate link and buys products or seeks their services, you will receive a commission.
Make sure that you put your affiliate links on the right spots. For example, if your blog is about business, do not insert a promotion related to the skincare. This is a common problem that most bloggers face. Whenever they do so, the tendency is that their audience will only get annoyed with all of these links – especially if they’re unrelated. You will lose your authenticity, and they will see you as a monetizing blogger only. Believe it or not, you might lose their trust in this kind of system.
Visit this article to learn how to conduct affiliate marketing on Twitter.
16. Be A Virtual Assistant
Work for someone from the comfort of your home. In the course of business nowadays, the assistants of business tycoons don’t need to be beside them physically to serve them. These services are now transforming into virtual assistants (VA). VAs cover everything – from making travel plans, checking emails, handling internet research, and submitting reports.
The boss and the virtual assistant should only make sure that they use the best collaboration tools out there. This will make their work seamless.
If you want to be a virtual assistant, you may visit Upwork or Zirtual now!
17. Be An Online Guide Or Expert
There are websites where people look for advice from people who are experts in specific fields or individuals passionate about some topics. For example, some will ask the technicalities of choosing a car, how to make a killer carrot cake, or where to bring your appliances for repair.
At JustAnswer.com, the users pay for their questions to be answered by trusted professionals such as lawyers, doctors, and veterinarians. Take note, however, that you won’t receive the full payment as a guide. The company will only give you a percentage of the fee. Nevertheless, not bad for just sitting in front of your computer, right?
18. Proofread Literary Works
Do you always cringe at writing errors? Or do you ever find yourself correcting grammar? If you want to put this practice into good use, then you can enter the proofreading world. All you have to do is search for online companies that upload work from other people, read it, and edit it as much as you can.
Remember, it’s not just the grammar that you should look into. You should also notice the cohesiveness of ideas and sentence composition to be able to submit the best output.
19. Recycle Mobile Phones
With more models coming out every year, it is not surprising that people change phones regularly. Believe it or not, you can earn good money from this. What you can do is to place several mobile baskets around your neighborhood where other people can drop their old mobile phones and some of their unused devices.
Some of the best mobile phone recycling companies you can sell your collection to are the following:
20. Rate Pizzas
Pizza is a big thing wherever you go. Therefore, a lot of companies pay their users for rating local pizza shops. This way, it will be easier for their website visitors to know which pizza place to order.
As a rater, you have to give a score depending on the quality of their pizza, customer service, and delivery time. Once you reach a certain number of reviews, you will get a free pizza on your doorstep, alongside an extra $5 bonus.
Interested? Register now at Trendsource!
21. Guard Your Neighbor’s Deliveries
Do you consider your neighbors as a family already? Do they trust you enough that they will give you the green light to help them while they are at work? If your answer is yes to both questions, then you can consider signing up for eNeighbr.
The site gives you the power to accept and hold deliveries for your neighbors on times that they are not at home. This way, these shipments won’t get stolen. Every package is insured up to $300, and each eNeighbr account is verified, so they’re assured that these belongings are in safe hands.
22. Be A Bookkeeper
It is a common misconception that becoming a bookkeeper requires an Accounting degree and experience. However, that’s not the case. Take note that a bookkeeper is entirely different from an accountant.
Accountants are in charge of preparing tax returns and auditing financial statements. Aside from these, they also assist individuals and businesses with the following:
- Organizing financial records
- Examining financial statements
- Complying with state and federal laws
- Evaluating financial records
- Suggesting ways to cut down expenses
On the other hand, bookkeepers take charge of the daily financial health of the business. Their responsibilities include the following:
- Paying bills
- Collecting invoices and payments
- Updating financial records
- Checking the accuracy of records
- Posting financial records in computer programs
- Receiving accounts receivable
To keep it short, a bookkeeper is responsible for the money going and out of the company daily.
If you want to enter this endeavor, you may take this 3-part bookkeeping training for free.
23. Enter The Clickworker Business
Think of Clickworker.com as an ‘internet crowd-sourcing’ business. This website mainly advertises scalable tasks that need to be completed as soon as possible. For many people, making money through this online business is the easiest way to receive fast cash from their couch.
There are different tasks laid out in Clickworker. The most common activities, however, are web research, form filling, and data entry. What’s good about this is that the job is pretty flexible – you have the freedom to choose when or for which company you work for. For every task you complete, you will be rewarded and paid in cash via Paypal.
24. Sign Up As A Cooking Host
A lot of people prefer eating home-cooked food instead of fast food. However, there are still others who cannot cook delicious meals on their own. With this in mind, sites like MealSharing, Cookening, and EatWith came up with the idea of serving home-cooked meals through the help of a cooking host.
As a cooking host, your role is to cook and serve meals inside your home for guests who booked for you. You have the option to cook what you want and how many people you can accommodate inside. Take note that no cash is exchanged physically since all the payment passes through the site. Your salary as a cooking host ranges from $50 to $100 per meal.
25. Become A Transcriptionist
Transcription work is slowly growing nowadays, especially that we have to put a record for everything. The primary role of a transcriptionist is to convert the audio file into a text format. Depending on the industry they are giving their service to, they can be called legal, medical, or general transcriptionists.
26. Look For Gigs On Fiverr
Fiverr is one of the largest marketplaces when it comes to people selling small services called gigs. There are no limitations to what kinds of services you can post. You may offer the clients social media posting, writing, translating, teaching, creating music, becoming a voice-over actor, or even playing pranks!
The default price for each service is $5 – that’s where they got their name. If you feel, however, that what you did is not worth the said amount, you can attach extra services for your gigs.
You may also go to Redbubble to see your art and earn extra money. Check out this good article to know the ins and outs of this job.
27. Resell Your Gigs
If you feel that your fees at Fiverr are not enough, then there is another way to profit more using the same site. At the same time, this approach requires less work. All you have to do is resell your gigs.
For example, you can look for jobs on sites like Upwork that requires the creation of a logo. Once you have fixed your business with your client, you can then go to Fiverr and seek the services of a logo designer. Here, you will be spending $5, which in return will still give you profit if you charge $50 in your reseller.
28. Work For Amazon
There are microtasks available from Amazon Mechanical Turk – a provider of services that require human interaction. A lot of people crave for this job because it has flexible hours, you can work from home, and you get paid by one of the largest retailers in the world. Some examples of the tasks that they require include the following:
- Providing reviews on whether a website is suitable for a general audience
- Correcting spellings in blogs
- Find the item number of specific products
- Translate paragraphs from one language to another
29. Sell Your Notes
Do you love taking notes in your classes? Believe it or not, you can get paid by uploading your notes in sites like Stuvia or Nexus Notes. Take note that you will be the one who will determine the price of your records, but the companies will take a cut from your profit for handling the marketing side of the operations. This way, you won’t have to get out of your way just to promote these services.
Remember also that you are allowed to submit handwritten notes. The risk with this, however, is that some customers do not pay for it as compared to when it is in PDF form.
30. Be An Online Travel Agent
Do you have a love for traveling or do you like organizing trips for other people? If so, then you can be an online travel agent. All you have to do is visit travel websites such as Expedia in your free time and check their latest offerings. You can look for customers who do not have the patience to scroll through these sites to view for cheap travel needs. This kind of service can be an alternative to travel agencies.
31. Sell Second-hand Course Books
Another great way to generate profit is to buy student textbooks at the end of the year, and sell them at the start of classes. There will most likely be high demand at this time since first-year students are still keen on studying. You have the option to advertise this on campus or through the Amazon Marketplace.
32. Sell Lesson Plans
As mentioned above, there are sites for students who want to look for useful school notes. Surprisingly, there are also websites for teachers, especially new teachers, where they can avail of lesson plans for a price. You also have the option to sell some of the teaching resources you use in class. Teachers Pay Teachers is a website you can turn to if you want to pursue this job.
33. Conduct Mystery Shopping
Being a mystery shopper is easy. Agencies hire mystery shoppers to visit different kinds of stores and restaurants to be able to give feedback on how they are performing. They do this so that these places will act naturally as compared to when they send employees to audit them.
34. Maintain Fan Pages
Do you know that it is hard to maintain fan pages? You have to continuously create and post content related to the fan page, and interact with the online visitors at the same time. In fact, being a coordinator takes a lot of time. With this in mind, more and more fan pages are now hiring their own employees to take over their social media activity. All they have to do is to give you a marketing plan, and you will be the one who will execute all of these plans online.
Click here to see how you can make money on Twitter through handling fan pages.
35. Rent House For Filming
Directors and producers for television and movies are always on the lookout for houses where they can film. Their usual routine involves scouting some places, including the outskirts, pooling them, creating a shortlist, and evaluating which will be the best fit for them. As an example, a scene from Coronation Street was filmed in the house of a student where one of the editors of Save the Student used to live.
At the same time, it is an indulging feeling seeing your place on your TV. This is an excellent exposure to other directors and producers, who may also be interested in renting out your house.
36. At-home Daycare
If you are just at home with your kids, try building an at-home daycare. All you have to do is get customers (start with trusted friends) who will leave their kids at your house while they are away. Your primary goal is to set playdates, feed them, and generally take care of their needs while they are still in your care.
Take note, however, that you will need a certification from your state before having the green light.
37. Sell Unused Clothes On eBay
Whenever a person is getting rid of junk, they become best friends with eBay. Online auctions in these kinds of websites is an easy way to turn these unused clothing items into hard cash. Even if you feel that what you’re offering is out of the trend list, dare to still sell it. You don’t know what is running in the customer’s mind. Your outdated outfit might be the fashion style they want to portray in their everyday.
If you’re not a fan of the internet, you may opt to go for the traditional approach of selling your clothes in a garage sale.
38. Rent Your Clothesline
If you don’t want to sell your clothes to random strangers, there is another way to maximize owning these. What you can do is to rent out these clothes instead of permanently selling them. What most individuals do is that they create a renting Instagram profile, dedicated only to showcase the pieces that they are renting. In there, they will upload the pictures along with the prices for renting.
To help facilitate the work, you can also create a form wherein your customers are required to fill up if they want to avail of your services. This way, all of your transactions get stored in just one place only.
39. Join Network Marketing
Network marketing has a negative connotation to it. In reality, however, there are companies that have a great and legal approach to Multi-Level Marketing (MLM). This model allows the agents to generate income in two different ways: by selling products and earning commissions from it and by recruiting other individuals who will sell the said products. The second way entails you to cash out your commission from the sales of your recruit.
Take note that this is not an illegal pyramid scheme since this process involves an end goal – convincing a customer to buy a product or service they offer.
40. Sell Antiques And Collectibles
Do you collect various random items when you were younger? Or do you have things that complement your last home, but does not fit your new one anymore? Whatever your reason is, there is a profit when selling your antiques and collectibles. Make sure that you appraise these to professionals since your customers might end up buying it at a lower price. Some examples of collectibles include trading cards, vinyl CDs, and coins.
41. Source Properties For Wealthy Investors
A lot of people know that there is money in property investments. However, because of the high capital that you should shoulder, a majority opted to stay away from this market. The truth is, there is still a significant chance of making a great deal of cash by just directly sourcing properties for wealthy investors who do not have the time to this themselves.
As a property sourcer, you should look for properties that are below market value (BMV). The easiest way to do this is to avoid real estate agents and give out flyers with your contact details to inform them that you are buying houses. Another approach you can take is to attend monthly networking events of property investors and landlords. Make sure to track these down, sign up, and introduce yourself in this world.
Do you want to have a glimpse of how real estate investing works? Check this article out.
42. Share What Lies In Your Fridge
The goal of the Nielsen Consumer Panel is to know what lies in the refrigerators of the consumers. This way, they will be able to back up their consumer profiling data. All you have to do is to scan the barcodes of the products in your fridge and send it to them. There are also times that they will call you to ask for your opinion on specific products and to answer the survey questionnaire.
Once you have done all of this, you will receive points in the app. You have the option to convert these points into cash or redeem rewards instead.
43. Return Printer Cartridges
What a lot of people do not know is that there is money in the junk. One of the most uncommon, yet effective, ways to earn money is by selling your empty printer cartridges to office supply stores such as Staples and Office Depot. Printer owners do not practice this since they’re not familiar that these cartridges are recyclable. Manufacturers use this as a container for their printer ink. Don’t worry since recycled cartridges do not negatively affect your printers.
44. Build A Baking Business
Do you know that selling baked goodies can be a tremendous source of income? There is a significant demand for these treats all year long – from birthdays to parties to the kids’ show and tell. The list is endless. If you do not want to sit on the office desk for so long, you can try building your own baking business. You can run your catering business from your kitchen.
Some tips in running this:
- Ensure that you will abide by the food safety laws of your state.
- Ask your friends for referrals. They might know people who do not have time to create homemade food, that they might ask for your services in their parties and other family events.
- Publicize your business online. Make sure to create an eye-catching name for your business to provide some recall to your customers. Do not forget to post publicity materials that will make their mouth water.
45. Sell Calligraphy Items
If you are the artsy type and you’re fond of calligraphy, then you should try maximizing this talent. You can do hand lettering to come up with wedding cards, invitations, stickers, and other stationery items. To gain profit, you have the option to sell them online, through a website or social media page, or you can set up a one-day event where you can feature your work. Etsy Calligraphy is one of the most popular marketplaces for calligraphy.
Sell Your Calligraphy Items Now
You may also check our article on how you can make money on the comforts of your home without paying anything.
Final Words
The limit of making money while at the comfort of your home is limitless. Technology has opened tons of opportunities that don’t require you to get stuck in the traffic while going to work. With just a few taps on your smartphone or a few clicks on your computer, you can connect to tons of employers that are looking for remote workers. You can also reach more potential customers thanks to social media.
Find a side hustle that you are most interested in and start earning money even in your pajamas.
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He Overcame Dyslexia and Built a $1 Million Language Learning App
Entrepreneur Ventures is an early-stage venture capital firm partnered with Entrepreneur Media that is dedicated to backing passionate and innovative founders as early as day one. In this series, we are profiling the amazing entrepreneurs that Entrepreneur Ventures is working with to share their insights on building and growing a thriving business.
Michael Peled is the co-founder and CEO of Singit, an immersive English education platform that teaches the language through music. “People pick songs that they like, then select words in the lyrics for instant translation, and expand their vocabulary faster and easier,” Peled explained on a call with Entrepreneur.
SingIt is currently being used by 500,000 students across 12 countries and has recently surpassed $1 million in annual recurring revenue. “With our new consumer channels, especially focusing on the Latino population in the U.S., and over 5,000 paying customers, we’re poised to disrupt the market,” Peled says. Read on to learn more about the innovative teaching tool, and the driving force behind the 23-year-old tech founder’s passion for learning.
Please give us the company elevator pitch.
SingIt is transforming English language education by integrating AI-driven technology with a library of over 5 million songs. We deliver personalized learning experiences, tailored to each learner’s needs, turning the most addictive apps into powerful tools for mastering language.
What gave you the idea?
My father learned English in the ’70s from John Lennon and Bob Dylan songs. This sparked my realization that music could be an incredible tool for language learning, particularly for people like myself with dyslexia. I had to work eight times harder in school to achieve the same results as my peers. This determination, combined with having entrepreneurial parents who always believed in me, propelled me forward. I firmly believe that having just one person who pushes and supports you can make all the difference.
Related: Teacher’s Successful Side Hustle Made Over $22K in One Month
How did you get started?
I developed SingIt as my final project in a gifted kids program at the Weizmann Institute. It grew into an app now used by 500,000 students globally, and it’s been approved by Ministries of Education worldwide.
What kind of training did you have before developing Singit?
By the age of 17, I was mining Ethereum on my school’s lab computers, but that’s not where my business success stems from. My passion for technology and curiosity about how money is made started when I was 9. Though I’m not materialistic and consider myself quite frugal, I was always drawn to entrepreneurship. By 16, I was earning over $100K a year photographing events while others partied. Growing up in a family of investment bankers also opened doors to key relationships, including a mentor who introduced me to underwriting.
Related: How This Entrepreneurial Couple Is Revolutionizing Brand Loyalty
Ultimately, my success came from being relentlessly curious, always seizing opportunities, and having a strong desire to learn from others. Since then, my focus has been on creating lasting impact, not just financial gains. SingIt’s mission is to democratize education and make learning accessible for everyone.
What do you hope to accomplish with SingIt?
I want SingIt to become a cornerstone of education, enabling millions of children to learn English in a fun, engaging, and accessible way. My goal is for English to become a second language globally. In many countries, fluency in English can increase one’s salary by up to four times and open new opportunities, especially in poorer regions, connecting them to the global economy.
What is your best advice for entrepreneurs who are pitching investors?
Persistence is key. Be relentless in pursuing your vision and ensure that your product solves a real problem. For instance, when securing music licenses for SingIt, I didn’t stop until I won over the biggest players in the industry.
Do you have a personal mantra that helps keep you motivated?
Be prepared to outwork everyone in the room, including your toughest competitors. True success demands relentless effort, grit, and unwavering perseverance. Every obstacle is an opportunity to rise above. Remember: “If you will it, it’s not a dream.” Lead with passion, push your limits, and show the world what’s possible when you refuse to give up.
Related: All True Entrepreneurs Share This One Personality Trait, Says the Founder of Spicewell
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CVS Is Laying Off Thousands in Cost Cutting Initiative
CVS Health is laying off around 2,900 people to cut costs, the company announced on Tuesday.
“We’ve embarked on a multi-year initiative to deliver $2 billion in cost savings by reducing expenses and investing in technologies to enhance how we work,” a spokesperson said in a statement, per CNN.
Related: ‘Tough Day For All of Us:’ Intel CEO Announces Layoffs Affecting 15,000 People
Experts say several factors are causing the industry to struggle as a whole, including online shopping. Consumers are buying toiletries and personal items from Amazon, Walmart, and other large online retailers. Meanwhile, big box stores like Costco are cutting into what was once considered staple buys at drugstores, like toilet paper and snacks.
CNN also reports that Dollar General’s growing market is causing slower sales at drug stores in rural areas. Falling reimbursement rates for prescription drugs are also a big factor.
Related: Apple Just Conducted a Rare Round of Layoffs. Here Are the Teams and Roles Affected.
“Our industry faces continued disruption, regulatory pressures, and evolving consumer needs and expectations,” the spokesperson said. “The reductions will not impact front-line jobs in our stores, pharmacies and distribution centers.”
“The vast majority of impacted colleagues will be notified this week,” the CVS spokesperson added.
The cuts will affect around 1% of CVS’s total workforce.
On Monday, the Wall Street Journal reported that CVS has been exploring the possibility of breaking up the company.
Reuters reported that the move would potentially separate its retail and insurance units.
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Nvidia CEO Jensen Huang Praises Nuclear Energy to Power AI
By 2027, it could require as much energy to power AI per year as it currently does to keep the lights on in Sweden or the Netherlands.
As big tech companies like Meta and Google build out costly AI infrastructure, the CEO of AI chip maker Nvidia, the third-largest company in the world by market cap, says the answer to the world’s energy needs could be nuclear.
Related: Nvidia CEO Jensen Huang’s Biggest Worry Shows that Success Has a Downside
“Nuclear is a wonderful way forward as one of the sources of energy, one of the sources of sustainable energy,” Nvidia CEO Jensen Huang told Bloomberg on Friday. “It won’t be the only one. We’re going to need energy from all sources and balance the availability and the cost of energy as well as the sustainability over time.”
Nvidia CEO Jensen Huang. Photo Credit: Chip Somodevilla/Getty Images
Huang also told reporters that though AI will use more electricity, it will compensate for it with “incredible productivity.”
Huang’s remarks follow the news that Microsoft is reopening Three Mile Island, a nuclear station that has been closed for five years. Other AI leaders, like OpenAI’s Sam Altman, have said that nuclear power is one solution to AI’s energy demands. Altman has even invested $375 million into Helion Energy, a startup working to build the world’s first nuclear fusion power plant.
Related: Will It Take Nuclear Power to Sustain AI? Microsoft Is Betting on It.
It’s undeniable that AI takes considerable energy to power. Google’s 2024 environmental report, released in July, showed a nearly 50% jump in emissions. Google attributed the bulk of the increase to energy needed for data centers and its supply chain.
“As we further integrate AI into our products, reducing emissions may be challenging due to increasing energy demands from the greater intensity of AI compute,” Google stated in the report.
Nvidia holds between 70% and 95% of the AI chip market. Its four biggest clients, which comprise over 40% of its revenue, are Meta, Amazon, Google, and Microsoft.
Nvidia’s market cap was $2.953 trillion at the time of writing.
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