Meta Reports Strong Quarter and More Losses in Reality Labs
Meta Platforms’ revenue grew 16% to $42.3 billion in the first quarter of 2025, surpassing analysts’ average estimate of $41.4 billion.
Amazon CEO Andy Jassy announced that the company plans to cut an additional 9,000 jobs over the coming weeks. The online store started layoffs last November by cutting 18,000 jobs.
The plan is a part of the initiative to improve the long-term health of its businesses. The latest cuts affect AWS, HR, advertising, and Twitch service groups.
“Given the uncertain economy in which we reside and the uncertainty that exists in the near future, we have chosen to be more streamlined in our costs and headcount,“ Jassy stated. The staff reductions are scheduled to be completed by mid-to-late April.
Amazon will provide packages including a separation payment, transitional health insurance benefits, and external job placement support. Jassy noted there will be limited hiring in some strategic areas where the company has prioritized allocating more resources. He explained Amazon’s layoffs were based on an analysis of operations across all its business groups.
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