Amazon, Layoffs
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The recalls range from children’s bed rails to mattresses and furniture that pose hazards such as fire risks and tip-over dangers.
Amazon chief executive Andy Jassy’s explanation for why the company is cutting 14,000 employees? Not money. Not even AI, but “culture.”
Amazon will eliminate 14,000 corporate positions through internal restructuring, joining over 200 tech companies that cut 98,000 jobs this year.
Amazon.com Inc. posted robust cloud growth that reassured investors that the tens of billions of dollars the company and its peers are pouring into artificial intelligence will pay off.
After unexpectedly strong sales and profits across its consumer and cloud businesses, the tech giant said another strong quarter might be ahead.
Amazon is pouring billions into AI infrastructure. Its cloud boss says the company feels "quite good" about its strategy.
1hon MSN
‘Big Beautiful’ tax benefit: Amazon and other tech giants reap the rewards of new law, for now
Amazon’s cash tax payments fell 45% in the third quarter, driven largely by the One Big Beautiful Bill Act of 2025, even as profits surged 38%. The new U.S. law, championed by President Trump, allows companies to immediately deduct equipment and R&D costs — boosting investment in AI infrastructure while cutting near-term tax bills.