Tue, 21-Oct-2025

AI integration at Amazon expected to cut jobs, says CEO

AI Integration at Amazon Expected to Cut Jobs, Says CEO

Seattle: Amazon CEO Andy Jassy recently delivered a clear message to his employees: artificial intelligence is reshaping the company, and this will inevitably lead to a smaller corporate team in the coming years. In a memo to staff, Jassy explained that Amazon’s increasing reliance on AI will bring “efficiency gains,” ultimately reducing the number of … Read more

Amazon holiday quarter profit doubles

amazon

SAN FRANCISCO: Amazon on Thursday reported its profit doubled to $14 billion in the crucial holiday quarter, giving a boost to jittery markets that expected less due to higher labour, sourcing and delivery costs. The e-commerce colossus said its net sales climbed to $137 billion, and its profit benefited greatly from a return on investment … Read more