Amazon layoffs are hitting workers across several states as Fresh closures, AI investments, and post-pandemic restructuring reshape its workforce.

The retail and cloud-computing giant beat analyst estimates with a 17% jump in revenue and sharp increase in net profit.

Amazon surpassed Wall Street forecasts with revenue of $181.5 billion in the March quarter, up 17% from the year earlier. CEO Andy Jassy noted Project Hail Mary‘s nearly $615 million at the box office to date among the company’s achievements for the three months.

Amazon will host a community informational session next week to introduce its Prime Air drone delivery program as it looks to expand operations in CNY.

AWS brings OpenAI models to Amazon Bedrock, escalating its enterprise AI battle with Microsoft while launching new agentic AI tools for business customers.

The blog post announcing the change stated: Prime Day is back! Amazon's annual deals event for Prime members returns this June, with discounts on some of the hottest brands, socially trending items, creator favorites, and Amazon-exclusive products to make this June's event even more valuable for members.

The company’s forecast for operating income came in slightly lower than expected.

Alphabet, Amazon, Meta and Microsoft —are set to report their latest quarterly results after Wednesday's closing bell.