Amazon will report earnings after the closing bell on Thursday. Analysts want updates on AI progress, AWS, and retail margins.

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.

The cuts are the first ​step in layoffs expected to ​affect as many as 30,000 jobs​, or ​about 10% of the online giant’s white-collar workforce.

Amazon stock is up 43% over the last five years, badly underperforming other Magnificent Seven stocks and the broader S&P 500.

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."

The company didn’t say how many video-game jobs will be cut, but noted in a memo Tuesday that “significant role reductions” would fall on its offices in Irvine and San Diego, as well as its central publishing division.

The NBA Tip-Off 2025 had nearly 37 million viewers in the United States tuning in across NBC/Peacock, ESPN and Amazon Prime. This marks a staggering 100% increase year-to-year and the most viewers for an opening week in 15 years.

Microsoft Azure's outages started to spike after 10:44 a.m. Wednesday while Amazon Web Services outages increased soon after, per Downdetector. There were many more Microsoft Azure outages reported, with 19,834 at 11:05 a.m., compared to 5,507 AWS reports at 11:36 a.m.