Key Takeaways Amazon said it expects to spend over $100 billion in capital expenditures this year, with the "vast majority" going to AI for Amazon Web Services.The company is the latest Big Tech firm to announce it's boosting expected AI infrastructure spending this year.

Microsoft, Meta, Amazon, and Google are among the firms laying off employees. According to layoff.fyi, over 71 tech companies have already cut around 7,000 jobs.

Many US tech giants such as Microsoft, Meta, Amazon, Salesforce, Walmart, Stripe and other companies have announced job cuts in 2025. The resilient US job market could weaken this year, with employers showing early signs that they're readying more job cuts in 2025,