The Latest Breaking News from AWS

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In a leaked memo, AWS tells hiring managers about new constraints in place to control headcount growth.

Amazon.com Inc signalled on Thursday its long lofty cloud growth would slow further as its business customers braced for turbulence and clamped down on spending, overshadowing the company's quarterly sales and profit that topped expectations.

Amazon posted higher-than-expected revenues and profits for Q1 2023, but slowing growth in its profit-generating AWS cloud services sector sent shares tumbling after hours. Also in this edition: US economic growth slows sharply in the first quarter, and Paraguay's upcoming election on Sunday could have big geopolitical consequences for Taiwan.

A considerable boost to net sales is met with increased operational costs as AWS continues to battle a tough economy.

Amazon CEO Andy Jassy is vying for A.I. customers to bring their processing power to AWS.

E-commerce behemoth, in the midst of aggressively cutting costs including laying-off 27,000 workers, reported revenue growth