Amazon cuts hundreds of jobs in cloud business

Amazon has recently announced that it is cutting hundreds of jobs in its cloud business division. The company has not specified the exact number of jobs being cut, but sources familiar with the matter suggest it could be in the hundreds.

This move comes as Amazon faces increasing competition in the cloud computing industry, with rivals such as Microsoft and Google gaining ground. The job cuts are part of a broader restructuring effort within Amazon Web Services (AWS) to streamline operations and improve efficiency.

Despite the job cuts, Amazon remains a dominant player in the cloud computing market, with AWS generating billions of dollars in revenue each quarter. The company is also investing heavily in new technology and services to maintain its competitive edge in the industry.