Amazon cuts 14,000 corporate jobs
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Amazon will report its quarterly earnings on Tuesday, following a massive AWS outage and amid concerns about its AI growth.
Seattle Mayor Bruce Harrell has a message for his city’s tech giants: it’s time to reinvest in the community. Harrell, speaking at an event Wednesday hosted by the Fremont Chamber of Commerce, said Seattle’s large companies have a “moral obligation to give back.”
Microsoft's AI infrastructure spending to meet growing cloud services demand is outpacing Wall Street expectations, deepening investor fears about the costs of sustaining the boom.
Amazon is joining the ranks of big tech who have in the recent months shaved staffing strength as increased investment in AI reshapes the industry. Overall, at least 81,416 jobs have been directly impacted due to AI-led restructuring.
The technology giant will take a 27% stake in OpenAI’s for-profit arm when it converts into a public benefi
E-commerce giant Amazon has announced more layoffs impacting 14,000 corporate roles. A memo by Beth Galetti, a senior vice president at Amazon, was posted Tuesday discussing "organizational changes across Amazon that will impact some of our teammates.