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Amazon Stock Jumps Amid Strong Q2 Earnings

Shares in Amazon surged by 7% during after-hours trading on Thursday night after the eCommerce and cloud computing giant outperformed analysts' expectations in its second-quarter financial results. Net sales for the three months ending June was $134.38 billion, exceeding analysts' expectations of $131.63 billion with...

Amazon Doubles Down On Layoffs, Will Trim Its Workforce by Another 9,000 Employees

Amazon continues to trim its workforce as the company looks to cut costs and run a more efficient organization. The company’s CEO Andy Jassy sent out a memo to the staff on Monday informing them that 9,000 employees will be laid off in the...