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Amazon Web Services (AWS), the cloud computing division of Amazon, has begun laying off employees as part of a broader organizational shift toward automation and artificial intelligence (AI).
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Key Points Amazon's stock has been a monster winner since the company’s IPO in 1997. The business benefits from multiple growth drivers, it has a wide moat, and earnings have soared in recent years.
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Amazon slashed hundreds of jobs in its AWS cloud computing unit. The layoffs took place Thursday, only a month after company ...
Amazon has confirmed to multiple sources that it has laid off many employees in its Amazon Web (AWS) division, with the news ...
Amazon is cutting jobs in its cloud-computing division, the latest big tech company to pare its headcount amid rising costs ...
The market is moving beyond the Big Three as enterprises seek more customized options for their industry, location, or ...
Amazon explained that the AWS cloud layoffs are not “AI-driven,” however, many believe that AI ambitions are to blame for the ...