Core Points - Amazon announced the elimination of up to 14,000 corporate jobs, with the impact on its 75,000 UK workforce still unclear [1] - The job cuts are attributed to the rapid growth of artificial intelligence (AI), which is transforming the industry [1][3] - Despite the layoffs, Amazon will continue hiring in key strategic areas to enhance efficiency and meet customer needs [4] Company Response - Beth Galetti, Amazon's senior vice president, addressed concerns regarding job cuts amid the company's strong financial performance, emphasizing the need to adapt to a rapidly changing world [2][3] - The company is prioritizing those who lose their jobs for new openings within Amazon to assist in their transition [3] Strategic Focus - Amazon is reallocating resources to focus on its most significant investments and customer needs, aiming to remove layers and increase ownership for efficiency gains [4]

Core Insights - Foxconn plans to invest up to NT$42 billion ($1.4 billion) in AI data center equipment from December 2025 to December 2026 to enhance its cloud computing services and develop smart platforms [1][2] Group 1: Investment and Expansion - The investment will be funded through Foxconn's own resources and aims to expand its cloud compute service platform [2] - This announcement follows Foxconn's earlier plan to build a 100-megawatt AI data center in collaboration with Nvidia in Taiwan [3] Group 2: Revenue Diversification - Foxconn has successfully diversified its revenue streams, with AI server production surpassing smart consumer electronics for the first time in Q2 [4] - The AI server segment contributed 41% to Foxconn's NT$1.8 trillion revenue in the three months ended June, while smart consumer electronics accounted for 35% [4] - The company claims to hold over 40% of the global AI server market [4] Group 3: Strategic Partnerships - In August, Foxconn sold an EV factory in Ohio to SoftBank to focus on AI server manufacturing, while continuing operations at the plant [5] - The Ohio facility will produce equipment for the $500 billion AI data center venture supported by SoftBank, OpenAI, Oracle, and Abu Dhabi's MGX [5]

Core Insights - Amazon.com announced job cuts of 14,000 as part of its strategy to better prepare for the impact of artificial intelligence [1] Company Summary - The decision to cut jobs reflects Amazon's need to adapt to the evolving technological landscape, particularly the advancements in artificial intelligence [1]

Core Points - Amazon is cutting approximately 14,000 corporate jobs to reduce bureaucracy and streamline operations [1] Group 1 - The job cuts are part of a strategy to enhance efficiency within the company [1] - The decision reflects a broader trend in the industry towards optimizing workforce structures [1]

Microsoft - Microsoft is expected to report revenue of $30.17 billion, with a growth rate of 36.68% compared to the previous year, which is slightly lower than the guidance of 37% from the last quarter, indicating a potential for a beat [1] - The adjusted diluted EPS for Microsoft is projected to be $2.99 for Q3 2023, with revenue estimates of $56.52 billion for the same period [1] - The commercial cloud revenue is anticipated to reach $31.90 billion, showing a year-over-year growth of 12% [1] Google - Alphabet Inc. is expected to report revenue of $14.7 billion for Google Cloud, up from $11.35 billion in the same quarter last year, indicating a growth rate of 29.5% [3] - The overall revenue for Alphabet is projected to be $76.69 billion for Q3 2023, with a diluted EPS of $1.55 [3] - Google Services revenue is expected to be $67.99 billion, with advertising revenue contributing significantly to this figure [3] Meta - Meta Platforms Inc. is projected to generate revenue of $33.94 billion in Q3 2023, with advertising revenue making up a substantial portion of this [5] - The operating income for Meta is expected to be $17.49 billion, reflecting a strong operating margin of 52% [5] - The Reality Labs segment is anticipated to report a revenue of $210 million, although it continues to operate at a loss [5] Amazon - Amazon is expected to report revenue of $220 billion for the fiscal year 2023, with significant contributions from its online stores and AWS [5] - The operating income for Amazon is projected to be $12.25 billion, with an operating margin of 6.41% [5] - The company is also expected to see growth in its international revenue segment, which is projected to reach $131.20 billion [5]

Core Insights - Amazon plans to cut approximately 14,000 corporate jobs as part of a strategy to increase spending on artificial intelligence while reducing overall expenditures [1][5] - CEO Andy Jassy indicated that generative AI is expected to decrease Amazon's corporate workforce in the coming years, with over 1,000 generative AI services and applications currently in progress [1][2] - The company is investing $10 billion in a new campus in North Carolina to enhance its cloud computing and AI infrastructure, alongside similar investments in data centers across Mississippi, Indiana, and Ohio [2][3] Job Cuts and Workforce Impact - The announced job cuts represent about a 4% reduction in Amazon's corporate workforce, which consists of approximately 350,000 employees [6][7] - Affected employees will be notified and given 90 days to seek new positions within the company, with transitional support provided for those unable to find new roles [6] Strategic Focus on AI - Amazon is aggressively investing in AI to improve customer experiences, with plans for over 1,000 AI applications, including advancements in its Alexa product [4][5] - The company aims to streamline operations by reducing bureaucracy and reallocating resources to focus on significant investments that align with customer needs [5]

U.S. stock futures are showing muted movement early Tuesday, October 28, 2025, as investors brace for a pivotal week dominated by the Federal Reserve's policy meeting, a deluge of major corporate earnings, and ongoing developments in U.S.-China trade relations. Following a robust rally on Monday that saw major indexes close at record highs, premarket trading suggests a cautious start to the session.Premarket Activity and Futures MovementsAs the U.S. trading day commences, futures tied to the major indexes a ...

Core Viewpoint - U.S. Senator Bernie Sanders has called on Amazon.com founder Jeff Bezos to address the issue of potential job losses attributed to automation, which Sanders claims could amount to hundreds of thousands of jobs [1] Group 1 - Senator Sanders emphasizes the significant impact of automation on employment, specifically targeting Amazon as a key player in this trend [1] - The statement highlights the growing concern regarding the balance between technological advancement and job security in the workforce [1]

Core Viewpoint - The e-commerce and web services company is set to report its earnings later this week, indicating a significant upcoming event for investors and analysts to monitor [1] Group 1 - The company operates in the e-commerce and web services sector, which is a rapidly evolving industry with ongoing developments [1]

This is The Takeaway from today's Morning Brief, which you can sign up to receive in your inbox every morning along with: What we're watching What we're reading Economic data releases and earnings The top 10 stocks in the S&P 500, led by the AI giants, have surged back to dot-com era levels of dominance, according to new data from Lori Calvasina, head of US equity strategy research at RBC. Her chart shows the group’s equal-weighted performance versus the rest of the S&P is approaching the highs of th ...