Amazon chief executive Andy Jassy’s explanation for why the company is cutting 14,000 employees? Not money. Not even AI, but “culture.”

Amazon said on Oct. 28 that it is cutting thousands of corporate jobs. What does this mean for its Floridian employees?

After unexpectedly strong sales and profits across its consumer and cloud businesses, the tech giant said another strong quarter might be ahead.

Amazon stock has climbed less than half the benchmark S&P 500 over the past five years.

Amazon is reporting third-quarter earnings on Thursday, days after the company announced it's laying off 14,000 people.

Amazon is pouring billions into AI infrastructure. Its cloud boss says the company feels "quite good" about its strategy.

The job cuts come as Amazon CEO Andy Jassy has said he envisions the company relying on AI agents to replace human workers.

On Wednesday Amazon announced the completion of its data-center initiative Project Rainier, which will primarily be used to service Anthropic's compute needs. The company expects Anthropic's Claude to be using over one million of Amazon's custom Trainium2 chips by year-end.

Amazon reported third-quarter earnings that exceeded expectations, which prompted a 13% rise in its share value during after-hours trading on Thursday.