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Amazon Streamlines AI Strategy: Job Cuts Hit AGI Division Amid Organizational Overhaul

Leena Muazin07 mins

By PYMNTS July 22, 2026 Amazon, the e-commerce and cloud computing titan, confirmed on Wednesday (July 22) that it has implemented a new round of job cuts within its Artificial General Intelligence (AGI) division. The decision marks the latest step in a protracted period of organizational restructuring as the company seeks to focus its resources…

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The Great Reconfiguration: Xbox CEO Asha Sharma Joins Federal Reserve Task Force Amid Historic Workforce Cuts

Lana Amalina07 mins

In a move that underscores the tightening nexus between Silicon Valley’s aggressive artificial intelligence pivots and the broader macroeconomic landscape, Xbox CEO Asha Sharma has been appointed to a high-level Federal Reserve task force. The appointment, announced Thursday, tasks Sharma with helping the U.S. central bank navigate the complex relationship between emerging technologies, productivity, and…

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