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The Latest Breaking News from Andy Jassy

Amazon CEO Andy Jassy announces departure of AI exec Rohit Prasad in leadership shake-up

Prasad’s exit comes after Amazon struggled to show its internal AI efforts could match those of rivals—and just as reports surface that Amazon is discussing a big investment into OpenAI.

Fortune

AWS CEO says replacing young employees with AI is 'one of the dumbest ideas'—and bad for business: 'At some point the whole thing explodes on itself'

Amazon laid off 14,000 employees this fall, but CEO Andy Jassy denied the reductions were related to AI.

Fortune

Amazon's AI Chip Trainium2 Hits Multi-Billion Dollar Revenue Run Rate As CEO Andy Jassy Unveils 4X Faster Successor

Amazon.com Inc. (NASDAQ:AMZN) CEO Andy Jassy revealed more insights on the next generation of the company’s AI chip, Trainium3, at the AWS re:Invent conference on Wednesday.

Benzinga

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Ken Griffin's Citadel Advisors Heavily Invested in Mag 7 Stocks in Q3 Except One

Ken Griffin's Citadel Advisors purchased millions of shares of Magnificent 7 stocks in Q3 amid AI boom, with one notable exception.

International Business Times UK

More than 1,000 Amazon employees sign open letter warning the company's AI 'will do staggering damage to democracy, our jobs, and the earth’

The employees accuse the tech giant of “casting aside its climate goals” and helping build a surveillance state with AI.

Fortune

Another major survey warns AI could lead to major job cuts at your business

Many companies already have too many workers - and it could be about to get a whole lot worse.

TechRadar

Amazon Cuts Thousands Of Engineers As It Rolls Out AI Tools To Replace Them

Amazon.com Inc (NASDAQ:AMZN) is cutting thousands of jobs just as it doubles down on artificial intelligence, eliminating roles — especially engineers — that its own AI tools are poised to replace.

Benzinga

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In the age of AI, CEOs quietly signal that layoffs are a badge of honor

Also: All the news and watercooler chat from Fortune.

Fortune

Amazon Lays Off Nearly 700 Corporate Employees in New York City

Amazon is cutting nearly 700 corporate jobs in New York City as part of a major restructuring to streamline operations and reduce costs.

International Business Times

Should You Buy or Sell AMZN Stock as Amazon Feuds with Perplexity?

Amazon has sent a “cease and desist” letter to Perplexity over its Comet AI shopping assistant. How should you play AMZN stock now?

Barchart

Goldman Sachs CEO debunks AI job replacement hysteria, saying humans will adapt like they always do: ‘Our economy is very nimble’

“There will be disruption. But I’m a big believer that our economy is very nimble, very flexible,” said David Solomon.

Fortune

This surprising AI study flips the script on job loss — here’s who wins big

IBM says 40% of workers will need to reskill for AI — but those who do may earn more. Here's how AI is reshaping the workforce (and why it’s not to blame for recent layoffs).

Tom’s Guide

Amazon says its AI shopping assistant Rufus is so effective it's on pace to pull in an extra $10 billion in sales

Customers who engage with Rufus during their shopping journey are 60% more likely to complete a purchase compared to those who don't.

Fortune

CEO Andy Jassy says Amazon’s 14,000 layoffs weren’t about cutting costs or AI taking jobs: ‘It’s culture’

Jassy said the cuts weren’t AI-driven, “not right now at least.”

Fortune

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TechRadar

Amazon CEO says recent mass layoffs were due to "culture" and "removing layers" - not AI

Amazon CEO Andy Jassy reveals more on latest job cuts.

Euronews

Amazon shares surge 13% on strong AI-driven cloud growth

Amazon reported higher sales and earnings for the third quarter, and it was boosted by its fast-growing web services business.

Benzinga

Amazon Q3 FY2025 Earnings Call Transcript

Amazon.com, Inc. (NASDAQ:AMZN) released its third-quarter earnings report after Thursday’s closing bell.

The Independent UK

Amazon reports higher sales and earnings for 3Q, helped by its accelerating computing arm business

Amazon posted higher fiscal third quarter profit and sales compared with a year ago, as the online giant kept attracting shoppers looking for good prices while inflation resurges

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The Guardian - US

Amazon reports strongest cloud growth since 2022 after major outage

Amazon Web Services (AWS) sees 20% increase in revenue year over year, topping Wall Street estimates

Benzinga

Amazon Q3 Highlights: Double Beat, AWS Growth Hits Fastest Pace Since 2022

Ecommerce giant Amazon.com Inc (NASDAQ:AMZN) reported third-quarter financial results Thursday after market close.

International Business Times UK

Amazon to Hire 250,000 Seasonal Workers Despite Laying Off 30,000 Corporate Staff

Amazon ramps up hiring for the holiday season with 250,000 seasonal workers, even as it begins laying off 30,000 corporate employees. The company is accelerating its push into automation and AI.

Barchart

Dear Amazon Stock Fans, Mark Your Calendars for October 30

Amazon’s next quarterly results could determine whether its AI and cloud momentum can reignite the stock’s climb toward Wall Street’s $305 high target.

International Business Times

Amazon to Lay Off 30,000 Corporate Employees as It Ramps Up AI and Automation Efforts

Amazon plans to lay off 30,000 corporate employees as it boosts AI and automation across its workforce.

Evening Standard

Amazon plans to cut up to 30,000 corporate jobs – reports

The expected cuts will affect almost a 10th of the company’s roughly 350,000 international corporate workforce.

The Independent UK

Amazon to cut thousands more jobs after warning AI could replace roles

CEO Andy Jassy had warned that some roles within the company could be superseded by AI

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