Andy Jassy, CEO of Amazon, speaking with CNBC at the World Economic Forum in Davos, Switzerland, Jan. 20, 2026. CNBC Amazon shares closed up more than 1% on Tuesday, snapping a nine-day slide that shaved billions off of its market cap. The stock shed roughly 18% of its value between Feb. 2 and Friday, marking…
Amazon announced a second major wave of layoffs on Wednesday, cutting 16,000 positions globally. This latest move brings the total number of corporate roles eliminated in the last three months to approximately 30,000. The restructuring is a response to pandemic-era over-hiring and a strategic shift toward the widespread adoption of artificial intelligence. Read: iCAUR charges…
Andy Jassy, CEO of Amazon, speaking with CNBC at the World Economic Forum in Davos, Switzerland on Jan. 20th, 2026. CNBC Amazon is in talks to invest up to $50 billion in OpenAI, CNBC confirmed on Thursday, in a significant vote of confidence from the e-commerce giant after it invested in one of the startup’s…
Amazon said on Wednesday it was cutting 16 000 jobs worldwide in the second major round of layoffs at the company in three months, as it restructures after pandemic-era over-hiring and expands the adoption of AI tools. Reuters reported last week that Amazon was planning a second round of job cuts as part of a…
Amazon Lens uses computer vision and AI to simplify product searches. E-tailer Amazon.co.za has introduced image-based shopping tool, Amazon Lens, in South Africa, allowing customers to search for products using images rather than text. According to a statement, the feature enables users to upload images, screenshots or use a smartphone camera to identify products listed…
Amazon aims to increase global broadband access through a constellation of more than 3 000 satellites in LEO. Amazon is preparing to launch its low-Earth orbit (LEO) satellite service in South Africa later this year, through local licensed partners. This is according to Helen Kyeyune, regulatory and licensing affairs lead for Sub-Saharan Africa at Amazon…
Sad female worker carrying her belongings while leaving the office after being fired Isbjorn | Istock | Getty Images Layoffs have been a defining feature of the job market in 2025, with several major companies announcing thousands of job cuts driven by artificial intelligence. In fact, AI was responsible for almost 55,000 layoffs in the…
Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty Images OpenAI is in discussions with Amazon about a potential investment and an agreement to use its artificial intelligence chips, CNBC confirmed…
Amazon and Google introduced a jointly developed multi-cloud networking service on Sunday to meet growing demand for reliable connectivity, the companies said in a statement, at a time when even brief internet disruptions can cause major outages. The initiative will enable customers to establish private, high-speed links between the two companies’ computing platforms in minutes…
The busiest shopping day of the year is coming to a close. With almost every major retailer offering their best sales of the year, you’ve got only a few hours left to shop Black Friday deals. Those Ugg clogs you’ve been dreaming about? The AirPods at the top of your wishlist? The Lego set that…
