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

The job cuts come as Amazon CEO Andy Jassy has said he envisions the company relying on AI agents to replace human workers.

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.

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

Microsoft's Azure platform and other company services are experiencing an outage that started around 12:00 p.m. Eastern time on Thursday. The company reported that the outage was triggered by "an inadvertent configuration change" that impacted the Azure Front Door delivery network.

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.

Business Insider's reporters walk through the big layoffs at Amazon, why the cuts came, and who could be next.

The notification with Amazon’s entire list is online at the state’s WARN site. Separately, a regional delivery service partner with Amazon has filed a layoff notice with the state Department of Employment Security, eliminating more than 100 jobs.