Amazon CEO Andy Jassy says 14,000 layoffs stem from “culture” and organizational layers, not finances or AI, aiming to restore agility amid automation-driven restructuring.

Amazon's 14,000-person layoffs earlier this week weren't necessarily driven by finances or AI, CEO Andy Jassy said during the company's earnings call on Thursday. Instead, the motivation behind cutting the workforce was "culture,

Amazon’s cash tax payments fell 45% in the third quarter, driven largely by the One Big Beautiful Bill Act of 2025, even as profits surged 38%. The new U.S. law, championed by President Trump, allows companies to immediately deduct equipment and R&D costs — boosting investment in AI infrastructure while cutting near-term tax bills.

The domination of e-commerce is inevitable and will only come faster thanks to the emerging technology, even if physical stores represent opportunity for now, Andy Jassy told analysts Thursday.

Amazon's CEO Andy Jassy aims to make the company the world's largest startup — creating efficiency for the AI era.

During Amazon's earnings call, Chief Executive Andy Jassy said the e-commerce giant was committed to "meeting or beating prices of other major retailers," as shoppers grapple with higher costs of living and concerns about tariffs.

Nvidia stockNVDA was rising on Friday after AmazonAMZN confirmed its capital expenditure plans and delivered robust quarterly earnings. Nvidia this week became the first company to reach $5 trillion in market capitalization.