This batch of quarterly financial results may show that the industry has cleared out its pandemic-era overhiring and reorganized itself around cloud computing and AI - necessitating cuts in sectors with less rosy prospects.
Amazon has also announced a fresh round of job cuts affecting hundreds of employees from its Prime Video and Amazon MGM studios divisions - part of a pullback from an overspend on entertainment and a refocus on core priorities such as online shopping logistics and new ones such as AI.
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