Browsing: Amazon

Amazon has announced layoffs affecting hundreds of employees in its cloud computing division.According to its latest financial report, Amazon Web Services (AWS) has experienced significant growth, now contributing 14% to Amazon’s overall revenue.

Jeff Bezos, the multi-billionaire and founder of Amazon, has continued to divest his shares in the company, bringing the total value of recent sales to over $4 billion (£3.2 billion). The tech giant, established by Bezos in 1994, confirmed that he has sold 24 million Amazon shares this month alone. Serving as the firm’s executive chair, Bezos had last offloaded Amazon shares in 2021.