How Amazon flipped the script on a challenging week
Tuesday brought 14,000 job cuts and fresh AI concerns. By Thursday, investors were cheering. It was a turbulent week for Amazon and its CEO Andy Jassy, marked by historic layoffs and rising doubts about AI, followed by a swift 48-hour rebound that reassured investors. Wall Street is impressed — Amazon shares hit record highs on Friday — though questions remain."Amazon isn't perfect, and we are seeing increasing urgency in defending their cloud leadership position and reclaiming some of the unique culture," ...