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Stockreport

Whether It's 'Disruption' or 'Renormalization,' AI Is Killing Tech Jobs—And It's Not Done Yet [Yahoo! Finance]

Amazon.com, Inc. (AMZN)  More Company Research Source: Yahoo! Finance
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
Key Takeaways Meta and Microsoft each confirmed plans to reduce headcount next month as they continue their aggressive investments in artificial intelligence. The tech sector has been hit particularly hard by AI-linked layoffs due to factors including AI's coding abilities, the sector's massive investments in the technology, and "AI-washing." More techies are #opentowork as AI continues to shake up Silicon Valley. Tech giants Meta ( META ) and Microsoft ( MSFT ) are both cutting thousands of jobs as they continue to spend tens of billions on AI. A Meta spokesperson on Thursday confirmed recent reports from Bloomberg and Reuters that the social media giant plans to cut 10% of its workforce, or about 8,000 jobs, next month. Also on Thursday, Microsoft reportedly announced an early retirement program that could reduce its U.S. headcount by 7%. A Microsoft representative on Friday confirmed the accuracy of those reports. Both companies are spending huge sums to develop and run [Read more]

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Stockreport

Whether It's 'Disruption' or 'Renormalization,' AI Is Killing Tech Jobs—And It's Not Done Yet [Yahoo! Finance]

Amazon.com, Inc.  (AMZN) 
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
Key Takeaways Meta and Microsoft each confirmed plans to reduce headcount next month as they continue their aggressive investments in artificial intelligence. The tech sector has been hit particularly hard by AI-linked layoffs due to factors including AI's coding abilities, the sector's massive investments in the technology, and "AI-washing." More techies are #opentowork as AI continues to shake up Silicon Valley. Tech giants Meta ( META ) and Microsoft ( MSFT ) are both cutting thousands of jobs as they continue to spend tens of billions on AI. A Meta spokesperson on Thursday confirmed recent reports from Bloomberg and Reuters that the social media giant plans to cut 10% of its workforce, or about 8,000 jobs, next month. Also on Thursday, Microsoft reportedly announced an early retirement program that could reduce its U.S. headcount by 7%. A Microsoft representative on Friday confirmed the accuracy of those reports. Both companies are spending huge sums to develop and run [Read more]

IMPACT SNAPSHOT
EVENT TIME:
AMZN
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
POST NEWS RANGE
%
PRICE CHANGE

PRICE CHANGE PERCENTAGE


S&P 500 (SPX)

%

VOLUME RATIO
%

VOLUME (SHARES)
TICKS

AVG SHARES PER TRADE

EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS