Amazon will report earnings after the closing bell on Thursday. Analysts want updates on AI progress, AWS, and retail margins.

Retail job losses are surging, with Amazon and Target cutting nearly 32,000 corporate jobs combined, signaling a major industry restructuring.

Microsoft Azure's outages started to spike after 10:44 a.m. Wednesday while Amazon Web Services outages increased soon after, per Downdetector. There were many more Microsoft Azure outages reported, with 19,834 at 11:05 a.m., compared to 5,507 AWS reports at 11:36 a.m.

Amazon stock is up 43% over the last five years, badly underperforming other Magnificent Seven stocks and the broader S&P 500.

The company didn’t say how many video-game jobs will be cut, but noted in a memo Tuesday that “significant role reductions” would fall on its offices in Irvine and San Diego, as well as its central publishing division.

As Amazon slashes 14,000 white-collar roles and the U.S. approaches a million job cuts this year, AI’s first major labor casualty might be emerging.

GeekWire reported Tuesday on a new filing from the Washington Employment Security Department revealing that the tech giant is laying off 2,303 corporate employees, mostly in Seattle and Bellevue. The cuts are part of broader layoffs announced Tuesday that will impact about 14,000 workers globally.