Amazon is laying off another 16,000 corporate employees globally, the company confirmed Wednesday morning, the second phase in a restructuring that now totals 30,000 positions — adding up to the ...

Amazon is laying off about 16,000 corporate workers in its latest push to reduce bureaucracy. It marks the second round of mass job cuts at the company since last October. A day earlier, some ...

Amazon CEO Andy Jassy's overhaul of the company's corporate culture deepened last week with the announcement of 14,000 layoffs. The next big wave of job cuts is expected to start in January, after the ...

Amazon's stock popped more than 13% on Thursday afternoon after the company reported huge growth in the third quarter, including in its cloud business, Amazon Web Services. CEO Andy Jassy said AWS was ...

UBS projects Amazon's net income will reach $509 billion by 2030, nearly sixfold from 2025's $78 billion, which would top NVIDIA's projected $450 billion. Amazon trades at a $2.92 trillion market cap ...

Amazon’s next pillar could be built on a foundation of silicon. In a new interview with Fortune, Amazon founder and Executive Chair Jeff Bezos says the company’s custom chip business is on track to ...

Over 1,000 Amazon employees have anonymously signed an open letter warning that the company’s allegedly “all-costs-justified, warp-speed approach to AI development” could cause “staggering damage to ...

The agreement, which doesn't include any purchase commitments, adds to the e-commerce giant's efforts to boost its automation.

According to Amazon employees, the company is pushing them to incorporate more and more AI in their workflows. What exactly they should be using it for is less clear, leaving the door open for ...