Amazon just explained why it laid off 14,000 workers. It’s not what you expected

Amazon chief executive Andy Jassy’s explanation for why the company is cutting 14,000 employees? Not money. Not even AI, but “culture.”

Jassy talks up 'meeting or beating' other retailers, expanding in groceries, rural areas

During Amazon's earnings call, Chief Executive Andy Jassy said the e-commerce giant was committed to "meeting or beating prices of other major retailers," as shoppers grapple with higher costs of living and concerns about tariffs.

Amazon’s 14,000 layoffs aren’t about money or AI, CEO says ‘it’s something else’

The layoff announcement, he told analysts on Thursday’s earnings call, was “not really financially driven, and it’s not even really AI driven, not right now."

Amazon Prepares to Cut Up to 30,000 Jobs This Week. Here's What the Company's Largest Layoff in History Could Mean for the Future.

Amazon is reportedly set to eliminate a significant portion of its workforce. CEO Andy Jassy is on the hunt for AI-driven profits. Amazon (NASDAQ: AMZN) intends to slash as many as 30,000 corporate jobs,

The AWS acceleration may only be getting started

Accelerating a business at the scale of AWS, which has an $132 billion annualized run rate, is no easy feat, President and CEO Andy Jassy highlighted on the earnings call. While Amazon's cloud-computing competitors might have higher percentage growth,

Amazon stock soars 10% as earnings beat estimates, company posts strong cloud growth

Amazon posted third-quarter earnings that exceeded expectations and strong cloud growth. AWS revenue accelerated 20.2% to $33 billion, which CEO Andy Jassy said was a pace it hadn't seen since 2022.
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