Set to release their quarterly reports after-market hours on Thursday, October 30, Amazon and Apple stock have been the laggards of the Mag 7 this year.
Amazon laid off 14,000 employees on Tuesday. Some employees learned about their termination through early-morning text messages.
Nvidia (NVDA) rallied strong to all-time highs during its GTC conference while Amazon (AMZN) moved higher despite facing a big wave of corporate layoffs. It's not just stock movers that Marley Kayden
The stock market is getting ever-more reliant on the “Magnificent Seven,” raising the stakes for a jam-packed week of technology earnings that could decide whether Wall Street's momentum has more
More big job cuts are coming at Amazon.
As Amazon announces plans to cut up to 30,000 corporate roles globally, almost a tenth of its corporate workforce, it delivers a stark reminder that even scale offers no immunity in today's economy.
Major corporations including Amazon.com, Inc. (NASDAQ:AMZN) and United Parcel Service, Inc. (NYSE:UPS) have recently announced significant layoffs, highlighting an accelerated shift toward AI-driven a
Amazon (AMZN) is slated to report third-quarter earnings after the closing bell on Thursday, and some traders are betting the results can give the stock, the laggard of the Magnificent Seven so far th

Amazon Cuts 14,000 Jobs Amid AI Push

03:18pm, Tuesday, 28'th Oct 2025
The company reportedly plans on laying off up to 30,000 workers.
With five of the Big Tech giants reporting this week, Jessica Inskip weighs in on what the numbers could mean for AI demand and the market rally. Transcript: Caroline Woods: In terms of tech earnings,
CNBC's MacKenzie Sigalos reports on how Amazon is spending tens of billions on data centers, chips, and AI infrastructure — even as it cuts thousands of white-collar jobs and warns of more layoffs t
Amazon.com Inc. (NASDAQ:AMZN) is expected to post steady third-quarter gains powered by strong cloud, advertising, and retail performance.
AMZN's AWS growth, AI innovations, and e-commerce momentum position steady Q3 2025. Diversified revenue streams support buying ahead of earnings.
Amazon plans to cut 14,000 corporate jobs to become leaner in the AI era, the company announced. Audible CEO Bob Carrigan addressed the cuts to its audiobook division in an email to employees.
CNBC's MacKenzie Sigalos reports on Amazon cutting 14,000 corporate jobs — with more expected through 2026 — as it flattens management layers and shifts resources to data centers, chips, and AI in
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