When factoring in the non-public shares, Symbotic trades at about 10 times trailing-12-month sales, while profitability is still a touch below breakeven.

Amazon CEO Andy Jassy said the company will reduce its workforce, and Microsoft is reportedly planning thousands of layoffs, ...

Amazon CEO Andy Jassy expects the company’s corporate headcount to shrink in the coming years as generative AI tools take over some tasks. Netflix signs a deal with French network TF1 to stream ...

Amazon anticipates generative artificial intelligence will reduce its corporate workforce as the online giant begins to increase its usage of the technology.

Amazon CEO Andy Jassy says AI will reduce corporate jobs over the next few years, urging employees to embrace the tech as it ...

Amazon CEO Andy Jassy said something via a blog post on Tuesday that created quite a stir in the AI world. Jassy noted that ...

Amazon CEO Andy Jassy noted that Amazon currently has more than 1,000 generative AI tools and applications either under ...