Amazon is cutting 30,000 corporate jobs
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AWS services director and sales leader Bryan Davis leaves Amazon Web Services as a top North American executive to join Ab Initio Software.
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Reuters reports that jobs at cloud division Amazon Web Services are among those at risk, along with retail, Prime Video, and human resources units. The cuts follow layoffs at AWS last July, which impacted hundreds, and broader company-wide cuts in October, which affected around 14,000 employees.
Amazon.com Inc. bulls are betting that the company’s stock is primed to reestablish its market leadership after years of trailing its Big Tech rivals.
Amazon.com, Inc. (NASDAQ:AMZN) is one of the Best Quantum Computing Stocks to Buy for 2026. On January 15, Bloomberg reported that Amazon.com Inc.’s (NASDAQ:AMZN) Amazon Web Services struck a deal with Rio Tinto Group to utilise copper from an Arizona mine in the US data centers.
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Amazon stock tipped to turn tide after seven years of underperformance
Amazon has been stuck in last place for years. It’s trailed every one of the other six Big Tech giants. But now, the bulls think it might finally have something real behind it. And that something is AWS.
AWS and AMD announced the availability of new memory-optimized, high-frequency Amazon Elastic Compute Cloud (Amazon EC2) X8aedz instances powered by a 5th Gen AMD EPYC processor. These instances offer the highest CPU frequency,
AWS has hired former Microsoft Teams leader Jigar Thakkar to lead Amazon’s new AI digital workspace Quick Suite as vice president.