The Latest Breaking News from Andy Jassy

CEO Andy Jassy knew Amazon may have been expanding too fast during the pandemic, but defends layoffs.

Some employees in Amazon's human resources department will clock out for the last time on Dec. 23, part of a broad push by the Seattle-based company to shrink its corporate workforce by 3% in coming months.

Stock futures cautiously higher amid inflation re-think; Applied Materials leaps on solid Q4 earnings, solid outlook; Visa taps president Ryan McInerney as new group CEO; Gap surges on surprise Q3 profit, books $53 million Yeezy Gap hit and Amazon CEO says jobs cuts will extend into 2023

Amazon confirmed on Thursday that it is laying off staff, after days of rumors that the e-commerce behemoth would become the latest tech giant to unleash a large-scale redundancy plan amid a souring economic environment. "The economy remains in a challenging spot and we've hired rapidly the last several years,"…

Some Amazon employees may have to wait until next year to learn if their job is safe.

Amazon isn't done reviewing its businesses to see where cuts need to be made.

The voice-command technology and its accompanying hardware could never reach critical mass while generating recurring revenue.

Amazon may be shutting down Amazon Care, but the company still has big plans for the healthcare industry.

The New York Times says Amazon will unveil layoffs that could total 10,000 employees later this week.