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The Latest Breaking News from Andy Jassy

AI is already replacing thousands of jobs per month, report finds

The tech industry ‘is being reshaped by the advancement of artificial intelligence,’ firm says

The Independent UK

If Amazon wants to kill Alexa+ stone dead, its CEO’s latest advertisement idea is probably the way to do it

Amazon CEO Andy Jassy is already planning the demise of Alexa+, making some of its answers sponsored.

TechRadar

Make up to $370K working for Walmart—as AI steals jobs, the retail giant is handing out six figures for roles far from the shop floor

As unemployment climbs and AI wipes out white-collar jobs, Walmart is dangling six-figure salaries for new tech hires.

Fortune

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Amazon Falls on Fears That AWS Is Losing Market Share: Should You Buy the AMZN Stock Dip Here?

Amazon stock is trading lower today as AWS's Q2 performance and the company's Q3 operating income guidance spooked investors. Should you buy the dip here?

Barchart

Amazon Post-Earnings Decline 'Totally Wrong,' Says Analyst As CEO Points Out AWS Has 'More Demand Than We Have Capacity'

Following its second-quarter earnings report, Amazon.com Inc.‘s (NASDAQ:AMZN) stock experienced a significant sell-off. However, a closer look at the details from the earnings call reveals that the primary reason for the slowdown in Amazon’s cloud business, Amazon Web Services (AWS), is not a lack of demand, but a severe capacity…

Benzinga

Amazon CEO Andy Jassy unleashed a meticulous 8-minute defense of AWS’ standing in the AI arms race amid investor stock freakout

AWS is the clear cloud leader in Big Tech. But fast-growing rivals, and the AI boom, have investors spooked.

Fortune

Andy Jassy says Amazon has chosen to 'embrace' AI, promising it 'will make all our teammates' jobs more enjoyable'

Jassy told analysts that companies have two choices, to embrace and shape the change that's coming, or "wish it away and have it shape you."

Fortune

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Amazon Profits Surge 35% But Forecast Sinks Share Price

Amazon reported a 35 percent jump in quarterly profits Thursday as the e-commerce giant said major investments in artificial intelligence began paying off.

International Business Times

Amazon fails to calm tariff worries with worse-than-expected financial outlook

Tech giant reported generally positive revenue numbers, but may not meet expectations on its operating income

The Guardian - US

Amazon earnings beat across the board, but shares fall as investors fret about trade headwinds

With headcount inching up to 1.55 million, CEO Andy Jassy said "AI progress across the board continues to improve our customer experiences, speed of innovation, operational efficiency, and business growth, and I’m excited for what lies ahead."

Fortune

As AI threatens jobs, Mark Cuban once said this human skill can help Gen Z stand out—and it’s completely free

“We’d all rather do business with somebody who smiles. We’d all rather work with somebody who smiles,” Cuban said in 2023.

Fortune

Union Pacific’s CEO started as a teen track worker—now he’s leading an $130 billion empire and says Gen Z interns need curiosity to be like him

Union Pacific CEO Jim Vena has climbed the railroad ranks since he was a teenager making mere dollars to maintain tracks to millions in the c-suite. He shares his advice for Gen Z.

Fortune

Amazon Is Cutting AWS Jobs. How Should You Play AMZN Stock Here?

Amazon trims AWS roles, yet Wall Street sees upside with strong cloud growth and AI tailwinds still firmly intact.

Barchart

Amazon Ring Is Making AI A Job Requirement—Starting With Promotions

Amazon.com Inc. (NASDAQ:AMZN) has implemented a new policy at its Ring division, requiring employees to demonstrate their use of artificial intelligence (AI) as part of the promotion process.

Benzinga

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Fortune

If Amazon Ring staff want a promotion, they must now prove they’ve used AI

The new policy expands expectations of AI use in Amazon’s smart home division.

Benzinga

Amazon Slashes Roles In AWS Cloud Unit As CEO Andy Jassy Says AI Will Reduce The Need For Certain Roles: Report

Amazon.com Inc. (NASDAQ:AMZN) has reportedly laid off several employees within its Amazon Web Services (AWS) cloud division, as the company continues to restructure amid the growing impact of generative artificial intelligence.

The Independent UK

The dirty secret about AI in the office that has CEOs admitting millions of white-collar jobs will be replaced

TECHNOLOGY: Artificial Intelligence may not be fully replacing the duties of middle managers, but it is allowing companies to employ fewer of them, writes Graig Graziosi

Fortune

As tech CEOs predict AI will replace humans in just 5 years, this Fortune 500 boss says taking the focus off real people is a ‘recipe for failure’

As tech giants lay off thousands of workers to make way for AI, the CEO of the $8 billion food giant, Ingredion, says the secret for success remains in the people.

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Fortune

Photos: Sam Altman, Tim Cook and Silicon Valley’s elite arrive at the ‘summer camp for billionaires’

The annual Sun Valley Conference is a four-day event featuring some of the biggest names in business.

The Guardian - US

Amazon asks corporate workers to ‘volunteer’ help with grocery deliveries as Prime Day frenzy approaches

Exclusive: Amazon office workers in New York requested to donate time over to Fresh delivery process during firm’s busiest time

Fortune

This CEO went from folding clothes at Nordstrom to being Jeff Bezos' right hand man—the billionaire told him to delegate to his employees more

Amazon’s Jeff Bezos taught Coursera’s new chief executive Greg Hart the fewer decisions that have to go to the CEO, the better.

Fortune

Ford CEO Jim Farley warns AI will wipe out half of white-collar jobs, but the ‘essential economy’ has a huge shortage of workers

“Hiring an entry worker at a tech company has fallen 50% since 2019. Is that really where we want all of our kids to go?”

TechRadar

"AI will leave a lot of white-collar people behind" - Ford CEO latest to claim AI will wipe out millions of jobs

Company responsible for revolutionizing mass manufacturing now thinks AI will cause widespread job losses.

Fortune

Amazon has a new performance review system

Amazon has introduced a stricter performance review process.

Fortune

Inside Andy Jassy's latest salvo to strengthen, and in some corners of Amazon, resuscitate the company DNA

A recent move codifies and formalizes what was previously implied: that Amazon managers should evaluate employees in part on how well their actions live up to the company’s 16 Leadership Principles.

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