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

Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence.

The job cuts come as Amazon CEO Andy Jassy has said he envisions the company relying on AI agents to replace human workers.

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.

Amazon will cut about 14,000 corporate jobs as it restructures around AI, trimming layers and bureaucracy while shifting work toward automation.

I vividly remember testing the first Echo Studio. Even though that was nearly six years ago, I can clearly recall my surprise that Amazon had finally built a smart speaker that actually sounded good.

The 2025 Echo Studio is a more attractive, fully capable smart speaker that sounds even a bit better than the original Studio. With a more powerful processor for Alexa Plus, the ability to link up with your Fire TV system, and a lower price than the HomePod, the Echo Studio is a great successor for an Amazon household.