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

The Haiara Magnetic Power Bank is on sale for 74% off at Amazon, and shoppers say it's "fast, compact, and reliable."

Amazon posted higher fiscal third quarter profit and sales compared with a year ago, fueled by accelerating growth in its cloud computing business and strong spending by its customers looking for low prices at a time when inflation is resurging.

The company's top human resources executive said Tuesday that the tech giant needs to be "organized more leanly" due to the "transformative" nature of AI.

Amazon has faced pressure from investors to tighten its finances as it spends big on the AI race. The company says it will cut 14,000 jobs, citing a goal of "reducing bureaucracy, removing layers."

On Tuesday, Amazon laid off 14,000 employees in an effort to improve operations by removing layers of bureaucracy, according to a company announcement posted by Senior Vice President of People Experience and Technology, Beth Galetti.

Amazon shares jumped nearly 12% in premarket trade on Friday after strong growth at its cloud unit and a bullish sales outlook eased fears that the tech giant was falling behind rivals in the AI race.

Amazon reported its third-quarter 2025 earnings Thursday, revealing revenue rose 13% for the June-September period.

U.S. stock-market futures on Friday pointed to strong opening gains in the technology sector as Amazon.com and Apple shares advanced. Dow Jones Industrial Average futures rose 0.03%, to 47691. S&P 500 futures gained 0.

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