Wall Street loved what it saw from Amazon this week. Yes, despite the layoffs.

Amazon CEO Andy Jassy said that even without counting Whole Foods — the high-end grocery store chain it bought in 2017 — and Amazon Fresh, the company's grocery business put up more than $100 billion of gross merchandising sales over the last 12 months.

Amazon CEO Andy Jassy has confirmed that the company will lay off about 14,000 corporate employees, but not for the reasons most people might assume. Jassy said the move isn’t about cutting costs or the rise of artificial intelligence -- it is about ...

Amazon (AMZN) shares continued to gain ground in late trading on Thursday with the company’s earnings call highlighting the advancements in its cloud computing segment, new features on its ecommerce site,

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

The sweeping layoffs mark another major contraction under CEO Andy Jassy, who has slashed tens of thousands of roles since taking over in 2021.