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

Amazon's stock is soaring 10% in the extended session on the heels of upbeat financial results. The company generated $180.2 billion in revenue for the third quarter, above the $177.9 billion FactSet consensus.

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

Amazon beat estimates for its third-quarter earnings with $180.2 billion in revenue, up 13% year-over-year, and earnings per share of $1.95,… Read More

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.

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

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

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