Key Points
Amazon on Wednesday announced that its Web Services division has cut several hundred sales, marketing and tech roles..
The e-commerce giant has laid off hundreds of employees in several divisions including the Prime Video service, healthcare and Alexa voice assistance unit, joining several big tech giants who extended massive job cuts over the past two years, the Reuters report added...
After suffering a slowdown in growth last year due to an uncertain economy, Amazon's cloud business has been showing signs of stabilisation, helping the company beat quarterly revenue expectations in February, the report added..
Amazon's position as the world's biggest cloud provider is being challenged by rival Microsoft, which has taken an early lead in the race to make money from generative artificial intelligence through an investment in ChatGPT-maker OpenAI...
International Business Machines Corp (IBM) announced job cuts without informing about the specific number of layoffs in the company's marketing and communications division...
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