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Amazon’s Profit Is Up 38% on Strong Performance

After unexpectedly strong sales and profits across its consumer and cloud businesses, the tech giant said another strong quarter might be ahead.

© AJ Mast for The New York Times

Amazon’s cloud computing complex in New Carlisle, Ind. The company reported that sales for that division were up 20 percent from a year earlier.
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Amazon to Cut 14,000 White-Collar Jobs

The company is looking to slash costs by “reducing bureaucracy, removing layers, and shifting resources” as it continues to spend aggressively on artificial intelligence.

© Karsten Moran for The New York Times

Amazon is looking to cut billions of dollars in its operating expenses
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