Amazon is shutting down all 72 of its Amazon-branded grocery stores, including Amazon Fresh and Amazon Go. According to the company, it will convert some of those locations into Whole Foods Market-branded stores.

Amazon is laying off 16,000 employees, the company’s second round of massive job reductions in two months as it fights to improve its standing in the battle for AI supremacy.

First the company announced Amazon Fresh and Amazon Go was shutting down. A day later, an additional 16,000 corporate jobs are getting axed too.

The company needs to bring more of its satellites online so it can begin offering an internet-from-space service that was recently rebranded as Amazon Leo.

Amazon's stock popped more than 13% on Thursday afternoon after the company reported huge growth in the third quarter, including in its cloud business, Amazon Web Services. CEO Andy Jassy said AWS was "growing at a pace we haven't seen since 2022.

The company says customer behavior, not store performance, is driving a major shift toward online grocery and Whole Foods growth. Amazon will double down on the Whole Foods brand, killing two of its own physical retail experiments in the process.

Amazon is laying off 14,000 corporate employees. The company said it's cutting roles to help make the company leaner and less bureaucratic, while it looks to invest in generative artificial intelligence. The layoffs are expected to ultimately be the ...

ABP Live Deep Dive: Amazon has initiated another sweeping round of layoffs, cutting around 16,000 roles globally in what marks its second major workforce reduction in just three months. The decision adds to nearly 30,