Amazon's Earnings Top Expectations After Layoffs Announced
With strong showings in both its retail and cloud computing divisions, Amazon's financial results for the third quarter soared past Wall Street expectations Thursday, two days after it announced historic layoffs.Heading into Thursday's earnings report, Amazon was fresh off announcing those sweeping layoffs that hit 14,000 employees, 2,303 of whom are based in the Seattle area. Amazon said cuts could continue into 2026.During an earnings call with analysts on Thursday, Amazon CEO Andy Jassy addressed the layoffs for the first time since they were announced two days prior. He said the workforce reduction wasn't financially driven or “even really AI-driven, not right now at least...
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