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Sources and a memo: Amazon plans to cut 370 jobs, or ~8.5% of its 4,370 employees, at its European HQ in Luxembourg, the country's biggest layoffs in 20 years (Benoit Berthelot/Bloomberg)

Benoit Berthelot / Bloomberg : Sources and a memo: Amazon plans to cut 370 jobs, or ~8.5% of its 4,370 employees, at its European HQ in L...

1 May 2025

Amazon reports Q1 ad revenue up 18% YoY to $13.92B, vs. $13.74B est., and subscription services revenue up 9% YoY to $11.72B (Jonathan Vanian/CNBC)

Jonathan Vanian / CNBC:
Amazon reports Q1 ad revenue up 18% YoY to $13.92B, vs. $13.74B est., and subscription services revenue up 9% YoY to $11.72B  —  Amazon reported a 19% increase in online ad revenue in the first quarter, beating analyst estimates.  —  Ad sales climbed to $13.92 billion …

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