Amazon to cut thousands of jobs
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Amazon plans to open a massive 230,000-sq.ft. store outside Chicago featuring groceries and general merchandise to challenge Walmart's dominance in that space.
Analysts and AWS watchers agree that the roughly 15,000 cuts are caused by ‘culture’, but there is disagreement about what that actually means.
Amazon laid off about 14,000 workers globally in October.
Pine Gate Renewables filed for bankruptcy in November, and the company's largest project will be sold to Amazon, according to court proceedings.
Evidence: Free cash flow for the last twelve months fell to $14.8 billion, propelled by a $50.9 billion year-over-year surge in property and equipment acquisitions (Oct 2025), management has raised the capital expenditure forecast for 2025 to $125 billion from $118 billion and anticipates further increases in 2026.
Amazon is about to cut 15,000 more jobs. It does not want to grow its U.S. workforce but plans to double the number of products it sells.
The e-commerce giant is launching a megastore outside of Chicago that will be big enough to nearly fit two Target stores.
The Ybyp Power Bank is on sale for 66% off at Amazon, and it's a must-have in case of a power outage.