Amazon Confirms 14,000 Corporate Layoffs
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Amazon stock is up 43% over the last five years, badly underperforming other Magnificent Seven stocks and the broader S&P 500.
The job cuts come as Amazon CEO Andy Jassy has said he envisions the company relying on AI agents to replace human workers.
Amazon's business dealings are as complex as the global logistical chain, but which major conglomerate helps the company build its Fire TVs?
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Amazon earnings preview: Wall Street zeroes in on AWS and AI investments ahead of Q3 report
Amazon will report earnings after the closing bell on Thursday. Analysts want updates on AI progress, AWS, and retail margins.
Analysts are looking for $177.9 billion in overall revenue when Amazon reports third-quarter results on Thursday. North America makes up more than half of that estimate, based on the FactSet consensus,
The NBA Tip-Off 2025 had nearly 37 million viewers in the United States tuning in across NBC/Peacock, ESPN and Amazon Prime. This marks a staggering 100% increase year-to-year and the most viewers for an opening week in 15 years.