Amazon has reportedly cut hundreds of jobs in its Amazon Web Services (AWS) cloud division. Those cuts happened Thursday (July 17), Reuters reported, citing two sources, and come one month to the day after CEO Andy Jassy warned that adoption of generative artificial intelligence (AI) would lead to a workforce reduction.
Amazon's greenhouse gas emissions rose by 6% last year, due mostly to pollution generated by the company's delivery fleet and increased data center construction.
Amazon joined a growing list of firms, including Microsoft, Meta, and CrowdStrike in announcing layoffs this year.
Amazon.com Inc (NASDAQ:AMZN) has seen its price target boosted by Jefferies analysts ahead of its second quarter earnings report, with the firm pointing to resilient revenues, cost discipline, and stable consumer demand as key growth drivers. The analysts maintained a ‘Buy' rating on the eCommerce giant and upped their price target to $265 from $255, representing upside of 17% from current levels.
Amazon is laying off employees in its cloud-computing unit, Amazon Web Services. Employees are using an internal Slack channel to piece together which teams and how many were cut.
Amazon cut jobs in its Amazon Web Services cloud computing unit Thursday, a spokesperson confirmed following a Reuters inquiry. Several groups within AWS were impacted.
Tech giant Amazon.com Inc NASDAQ: AMZN has been in full breakout mode since April's low, and the chart says it's not done yet. Shares are up nearly 40% from that bottom and are now closing in on February's all-time high.
Just because Elon Musk and Jeff Bezos aren't the best of friends, and Amazon's Project Kuiper will directly compete with SpaceX's Starlink satellites for broadband internet, doesn't mean everyone can't still get along.
Does Amazon (AMZN) have what it takes to be a top stock pick for momentum investors? Let's find out.
Shares of Amazon.com Inc. (NASDAQ: AMZN) gained 2.40% over the past five trading sessions as the company recently concluded its Amazon Prime Day run.
AMZN tackles tariff turmoil with early inventory moves and seller support to stabilize prices during Prime Day.
Jeff Bezos is brining in a veteran Amazon executive to oversee his $10 billion climate and biodiversity fund. Tom Taylor retired from Amazon in 2022, after running the company's Alexa voice assistant division and overseeing the third-party seller services unit during his 23-year stint at the e-commerce giant.