Many corporations binged on labor during the pandemic. Now, facing economic uncertainty and AI threats, they are slimming down.

This company is certainly not a scrappy startup, but its growth is durable and steady. With a strong presence in numerous tech-forward markets, sales and profits are very likely to be much higher in the future.

The Big Tech earnings reporting season kicked off this afternoon with Meta, Microsoft and Tesla releasing quarterly results after the closing bell. Follow our live coverage here.

Amazon is calling it quits on its Fresh grocery and Amazon Go convenience store concepts as it realigns its grocery strategy around online delivery and Whole Foods, the company announced.

Bloomberg's Caroline Hyde and Ed Ludlow discuss Amazon's plans to cut nearly 5% of its corporate workforce. Plus, ASML posts record fourth-quarter orders as AI drives demand for its most sophisticated chipmaking equipment.

JERSEY CITY, N.J., Jan. 28, 2026 (GLOBE NEWSWIRE) -- Following the announcement that Amazon will slash an additional 16,000 jobs globally to "streamline operations" and pivot toward AI-driven infrastructure, Jersey Hired, New Jersey's leading hyper-local job board and talent platform, is calling for an immediate and serious national conversation regarding the role of Artificial Intelligence in the modern workforce.

Major equities indexes were little changed Wednesday after the Federal Reserve kept interest rates steady, as expected. Earlier in the session, the S&P 500 hit the 7000 level for the first time.

Amazon will lay off approximately 400 workers in Washington state as part of its decision to close all Amazon Go and Amazon Fresh stores across the country, according to a notice filed with the state Employment Security Department on Wednesday.

Amazon's corporate ranks are about to get smaller.