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The Latest Breaking News from Andy Jassy

Amazon Profits Surge 35% But Forecast Sinks Share Price

Amazon reported a 35 percent jump in quarterly profits Thursday as the e-commerce giant said major investments in artificial intelligence began paying off.

International Business Times

Amazon fails to calm tariff worries with worse-than-expected financial outlook

Tech giant reported generally positive revenue numbers, but may not meet expectations on its operating income

The Guardian - US

Amazon earnings beat across the board, but shares fall as investors fret about trade headwinds

With headcount inching up to 1.55 million, CEO Andy Jassy said "AI progress across the board continues to improve our customer experiences, speed of innovation, operational efficiency, and business growth, and I’m excited for what lies ahead."

Fortune

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read the most diverse news in one place.

As AI threatens jobs, Mark Cuban once said this human skill can help Gen Z stand out—and it’s completely free

“We’d all rather do business with somebody who smiles. We’d all rather work with somebody who smiles,” Cuban said in 2023.

Fortune

Union Pacific’s CEO started as a teen track worker—now he’s leading an $130 billion empire and says Gen Z interns need curiosity to be like him

Union Pacific CEO Jim Vena has climbed the railroad ranks since he was a teenager making mere dollars to maintain tracks to millions in the c-suite. He shares his advice for Gen Z.

Fortune

Amazon Is Cutting AWS Jobs. How Should You Play AMZN Stock Here?

Amazon trims AWS roles, yet Wall Street sees upside with strong cloud growth and AI tailwinds still firmly intact.

Barchart

Amazon Ring Is Making AI A Job Requirement—Starting With Promotions

Amazon.com Inc. (NASDAQ:AMZN) has implemented a new policy at its Ring division, requiring employees to demonstrate their use of artificial intelligence (AI) as part of the promotion process.

Benzinga

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If Amazon Ring staff want a promotion, they must now prove they’ve used AI

The new policy expands expectations of AI use in Amazon’s smart home division.

Fortune

Amazon Slashes Roles In AWS Cloud Unit As CEO Andy Jassy Says AI Will Reduce The Need For Certain Roles: Report

Amazon.com Inc. (NASDAQ:AMZN) has reportedly laid off several employees within its Amazon Web Services (AWS) cloud division, as the company continues to restructure amid the growing impact of generative artificial intelligence.

Benzinga

The dirty secret about AI in the office that has CEOs admitting millions of white-collar jobs will be replaced

TECHNOLOGY: Artificial Intelligence may not be fully replacing the duties of middle managers, but it is allowing companies to employ fewer of them, writes Graig Graziosi

The Independent UK

As tech CEOs predict AI will replace humans in just 5 years, this Fortune 500 boss says taking the focus off real people is a ‘recipe for failure’

As tech giants lay off thousands of workers to make way for AI, the CEO of the $8 billion food giant, Ingredion, says the secret for success remains in the people.

Fortune

Photos: Sam Altman, Tim Cook and Silicon Valley’s elite arrive at the ‘summer camp for billionaires’

The annual Sun Valley Conference is a four-day event featuring some of the biggest names in business.

Fortune

Amazon asks corporate workers to ‘volunteer’ help with grocery deliveries as Prime Day frenzy approaches

Exclusive: Amazon office workers in New York requested to donate time over to Fresh delivery process during firm’s busiest time

The Guardian - US

This CEO went from folding clothes at Nordstrom to being Jeff Bezos' right hand man—the billionaire told him to delegate to his employees more

Amazon’s Jeff Bezos taught Coursera’s new chief executive Greg Hart the fewer decisions that have to go to the CEO, the better.

Fortune

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Fortune

Ford CEO Jim Farley warns AI will wipe out half of white-collar jobs, but the ‘essential economy’ has a huge shortage of workers

“Hiring an entry worker at a tech company has fallen 50% since 2019. Is that really where we want all of our kids to go?”

TechRadar

"AI will leave a lot of white-collar people behind" - Ford CEO latest to claim AI will wipe out millions of jobs

Company responsible for revolutionizing mass manufacturing now thinks AI will cause widespread job losses.

Fortune

Amazon has a new performance review system

Amazon has introduced a stricter performance review process.

Fortune

Inside Andy Jassy's latest salvo to strengthen, and in some corners of Amazon, resuscitate the company DNA

A recent move codifies and formalizes what was previously implied: that Amazon managers should evaluate employees in part on how well their actions live up to the company’s 16 Leadership Principles.

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Fortune

Amazon CEO Andy Jassy: AI will mean fewer jobs and we've already cut 27,000 people from Amazon’s workforce

“I think that AI and generative AI specifically is the most transformative technology of our lifetime, which is saying a lot, given that we have had the internet,” he told CNBC.

TechRadar

Amazon CEO says AI will mean ‘fewer people doing some of the jobs’ - but will make other jobs more interesting

Amazon CEO says while AI will replace some workers, it will "make all our jobs more interesting."

Benzinga

Jim Cramer Says 'Stalled' Amazon Will Have A 'Great Second Half' Thanks To Lower Prices Than Others, Except Costco

Jim Cramer is optimistic about Amazon.com Inc. (NASDAQ:AMZN), despite the ongoing tariff pressures. His prediction comes after a conversation with Amazon’s CEO, Andy Jassy.

The Guardian - US

Disabled Amazon workers in corporate jobs allege ‘systemic discrimination’

Workers claim the company has used AI to deny requests for accommodation and policed an employee Slack channel

Fortune

Melinda French Gates shares the no1 skill that Gen Alpha girls can learn in high school that’ll determine if they become a CEO later in life

Forget grades—Melinda French Gates and Billie Jean King say sports are the strongest predictor of female leadership. The stats agree.

Fortune

Agentic AI spending could reach $155 billion by 2030, say BofA analysts

There's a growing belief that agentic AI could fundamentally transform workforce productivity.

Benzinga

Amazon CEO Andy Jassy Warns Of AI-Driven Workforce Reduction — AMZN 'Won't Keep Everyone,' Says Ex-VP Ethan Evans In Warning To Employees

Amazon.com Inc. (NASDAQ:AMZN) CEO Andy Jassy‘s recent announcement that artificial intelligence will shrink the company’s corporate workforce has prompted a stark warning from former Amazon Vice President Ethan Evans, who says employees must adapt or face elimination.

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