During Amazon's earnings call, Chief Executive Andy Jassy said the e-commerce giant was committed to "meeting or beating prices of other major retailers," as shoppers grapple with higher costs of living and concerns about tariffs.

Amazon chief executive Andy Jassy’s explanation for why the company is cutting 14,000 employees? Not money. Not even AI, but “culture.”

The move comes amid similar cuts at Meta and Applied Materials, signaling a broader tech industry shift toward automation and AI investment.

Accelerating a business at the scale of AWS, which has an $132 billion annualized run rate, is no easy feat, President and CEO Andy Jassy highlighted on the earnings call. While Amazon's cloud-computing competitors might have higher percentage growth,

Amazon.com plans to continue spending on capacity to meet demand for artificial intelligence and cloud products.

Amazon CEO Andy Jassy warned employees in June 2025 about AI's impact on the corporate workforce, four months before announcing 14,000 job cuts. Despite record profits, the company is streamlining operations,

Amazon CEO Andy Jassy said that even without counting Whole Foods — the high-end grocery store chain it bought in 2017 — and Amazon Fresh, the company's grocery business put up more than $100 billion of gross merchandising sales over the last 12 months.