UPS announced last month it would be cutting 30,000 jobs this year, after it eliminated 62,000 positions in 2025, The New York Times reported. The company's new layoffs are triggered by the company ending its relationship with Amazon, according to the report, which noted Amazon was also a leader in layoffs.
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Germany's competition watchdog ordered Amazon on Thursday to stop implementing price controls for retailers on its marketplace and told the US tech giant to return 59 million euros ($70 million) in what it deemed unfair gains.
Futures are pointing to a lower open for major indexes as technology stocks remain under pressure; Alphabet shares are losing ground after the Google parent revealed a massive increase to its AI spending plans; Amazon is scheduled to report its fourth-quarter results after the closing bell today; Qualcomm shares are tumbling after the company issued a weak outlook owing to a memory chip shortage; and bitcoin has dropped below $70,000. Here's what you need to know today.
Amazon said last week that it's shuttering its Amazon Fresh stores. Store workers are set to be paid through late April, according to a message seen by Business Insider.
Analysts expect a record-breaking Q4 2025, with revenue projected to hit approximately $211.3B and EPS at $1.97, driving Amazon to surpass $700 billion in annual revenue for the first time. The primary weight on the stock is the "stifling" capital expenditure trajectory. Amazon Web Services (AWS) remains the crown jewel (expected to reach ~$35B, 21-22% growth), and investors are looking for evidence of continued reacceleration.
Companies cut 1.2 million jobs in 2025 and AI grabbed the headlines-but it was cited in fewer than 5% of layoffs. Here's what the data shows about AI and your job.
Last summer, Amazon MGM Studios launched a dedicated AI Studio to develop proprietary AI tools to streamline TV and film production, with a focus on areas like improving character consistency across shots and supporting pre- and post-production.
Amazon CEO Andy Jassy has tapped Dharmesh Mehta to be his new "shadow" advisor. The role is highly coveted and technical advisors typically go on to assume greater leadership roles inside the company.
OpenAI's AI models could help power Amazon's digital assistant Alexa and other internal projects, CNBC confirmed. The collaboration is being discussed as part of Amazon's ongoing talks to invest up to $50 billion in OpenAI, according to a source familiar.
Amazon is broadening the role of artificial intelligence (AI) across its business, rolling out a new generation of Alexa, exploring deeper access to OpenAI's models and applying AI tools inside its film and television studios.
Amazon.com Inc (NASDAQ:AMZN) announced that it has made its AI-upgraded digital assistant, Alexa+, available to all US users, nearly a year after launching the service in an early access preview. Alexa+ is designed to perform a range of tasks, including managing calendars, booking travel or restaurant reservations, handling shopping lists, and controlling smart home devices.