The earnings season for Mag 7 began last week, with Tesla (TSLA) posting a mixed set of numbers. Scarce updates on the near-term outlook dampened sentiment, and the stock closed in the red. This week, we’ll get September quarter earnings from Apple (AAPL), Amazon (AMZN), Alphabet (GOOG) (GOOGL), and Microsoft (MSFT). With year-to-date gains of just about 3.4%, Amazon is the worst-performing “Magnificent 7” stock in 2025. Amazon shares have been stuck in a tight range since mid-May and haven’t really parti ...

Amazon May Lay Off 30,000 Employees After News The Company Plans Mass Automation, Report Sayshttps://t.co/ThXtfmaEW5 https://t.co/SjYDROjct7 ...

BREAKING: Amazon is laying off 30K employees. ...

Core Insights - The article discusses potential job cuts at various companies, including Target and Meta, indicating a trend of workforce reductions across the industry [1] Company Summary - Target is reportedly planning to implement job cuts as part of its operational adjustments [1] - Meta is also mentioned as part of the trend, suggesting that the company is facing similar challenges leading to workforce reductions [1] Industry Summary - The news highlights a broader pattern of layoffs occurring in multiple sectors, reflecting economic pressures that companies are currently facing [1]

Amazon could be planning to cut up to 30,000 corporate positions starting on Tuesday. https://t.co/CsowCT80Np ...

Core Insights - The upcoming earnings reports for major tech companies, referred to as the "mag seven," are anticipated to show positive results, particularly for Alphabet, Microsoft, Meta, Amazon, and Apple [1][4] - A significant focus will be on capital expenditure (capex) spending, especially in relation to AI infrastructure and cloud services, as companies aim to convert their investments into profitable products and services [2][5] Group Performance - Analysts expect the group of tech giants to perform well, with particular attention on cloud spending metrics from Google and Amazon, as previous quarters showed varying growth rates in this segment [5][6] - The integration of AI into enterprise workflows is seen as crucial for demonstrating that current investments are leading to profitable growth rather than merely increasing costs [3][10] Company-Specific Insights - Amazon is facing scrutiny due to its planned layoffs of up to 30,000 corporate positions, which would be the largest since 2022, despite recent hiring for the holiday season [8][15] - Microsoft and Amazon are highlighted as key players benefiting from AI advancements, with expectations for strong performance in their cloud businesses [9][11] - Apple's core business remains strong with the iPhone 17 performing well, but there are calls for the company to enhance its AI capabilities, potentially through external partnerships [12][14]

Core Insights - Amazon is poised to execute its largest job reduction since 2023, potentially eliminating up to 30,000 corporate positions starting Tuesday [1][2] - The job cuts will impact various sectors, including human resources, devices and services, and operations [1] - Amazon currently employs approximately 1.55 million people, with around 350,000 in corporate roles, and has not seen such a significant reduction since cutting 27,000 jobs in late 2022 [2] Company Strategy - The decision to reduce corporate jobs aligns with a memo from Amazon CEO Andy Jassy, indicating that the implementation of more AI agents will decrease the need for corporate roles [3]

RT Watcher.Guru (@WatcherGuru)JUST IN: Amazon $AMZN to fire 30,000 employees starting tomorrow. ...

Core Insights - Amazon's stock (NASDAQ: AMZN) has underperformed compared to its hyperscaler peers in 2023, raising concerns about its market share in the Amazon Web Services (AWS) segment amid increasing competition in the AI sector [1] Group 1: Company Performance - Amazon's stock performance has lagged behind that of its hyperscaler competitors this year [1] - Concerns are growing regarding AWS's market share as competition intensifies in the AI arms race [1] Group 2: Industry Context - The AI arms race is contributing to the challenges faced by AWS in maintaining its market position [1]

Group 1 - The workforce reduction aims to lower expenses and address over-hiring during the pandemic [1]