Amazon (AMZN) Tumbles on Heavy AI Spending and Cost-Cutting Amid Cautious Q1 Outlook
Amazon shares dropped 8% after hours following large AI capital expenditure plans, cost cuts, layoffs, and cautious revenue and profit forecasts for Q1 2026.
Market context
Amazon Layoffs 2026 news
Follow the story. See which markets it affects. Explore the context.
Latest coverage
Recently added · Page 1Amazon (AMZN) Slashes 16,000 Jobs Amid AI Shift and Cost-Cutting Push
Amazon announced a second round of layoffs cutting 16,000 jobs globally, part of a broader effort to trim 30,000 corporate roles amid rising AI adoption and cost-cutting across multiple US companies …