Amazon cuts 14,000 corporate jobs
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The move comes amid similar cuts at Meta and Applied Materials, signaling a broader tech industry shift toward automation and AI investment.
The company's top human resources executive said Tuesday that the tech giant needs to be "organized more leanly" due to the "transformative" nature of AI.
Amazon’s (AMZN) cloud computing unit and artificial intelligence investment are expected to take the limelight during the e-commerce giant’s third quarter results on Thursday. Wall Street expects the Andy Jassy-led company to post EPS of $1.
Business Insider's reporters walk through the big layoffs at Amazon, why the cuts came, and who could be next.
Amazon’s cloud-computing arm plans to invest an additional $5 billion in South Korea over the next six years to build new artificial-intelligence data centers in the country.
Amazon said it has completed its Project Rainier data-center cluster, which is powered by nearly 500,000 of the company’s Trainium 2 chips.
Amazon.com said on Wednesday it has launched its compute cluster project called Rainier, and added that artificial intelligence firm Anthropic will use more than a million chips of the infrastructure by the end of the year.