Amazon's stock skyrocketed over 10% after reporting impressive Q3 earnings, surpassing analyst expectations with a 33% increase in adjusted earnings per share and a 20% growth in AWS sales. CEO Andy Jassy highlights strong momentum driven by AI.
In a surprising move, Amazon is set to lay off up to 30,000 corporate workers as part of cost-cutting measures. This could be one of the largest layoffs in recent months, following aggressive hiring during the pandemic.
Amazon CEO Andy Jassy's announcement about AI reducing the corporate workforce sparked a fierce backlash among employees, who criticized his leadership and raised concerns about job security and the future of work at the tech giant.
Amazon is revolutionizing customer experiences with Generative AI, from smarter Alexa assistants to innovative shopping features. Discover how these advancements are reshaping the future of e-commerce and customer service.
