Amazon, Target layoffs
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Amazon cuts 14,000 corporate jobs
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Amazon will report earnings after the closing bell on Thursday. Analysts want updates on AI progress, AWS, and retail margins.
The cuts are the first step in layoffs expected to affect as many as 30,000 jobs, or about 10% of the online giant’s white-collar workforce.
Amazon's business dealings are as complex as the global logistical chain, but which major conglomerate helps the company build its Fire TVs?
Amazon stock is up 43% over the last five years, badly underperforming other Magnificent Seven stocks and the broader S&P 500.
Microsoft's Azure platform and other company services are experiencing an outage that started around 12:00 p.m. Eastern time on Thursday. The company reported that the outage was triggered by "an inadvertent configuration change" that impacted the Azure Front Door delivery network.
The company didn’t say how many video-game jobs will be cut, but noted in a memo Tuesday that “significant role reductions” would fall on its offices in Irvine and San Diego, as well as its central publishing division.
Business Insider's reporters walk through the big layoffs at Amazon, why the cuts came, and who could be next.