Amazon's Trading Volume Hits $69.35 Billion Ranking Sixth in Market as CEO Jassy Announces Workforce Reduction Amid AI Integration

On June 18, 2025, Amazon's trading volume reached $69.35 billion, ranking sixth in the day's stock market. Amazon (AMZN) fell by 1.11%, marking two consecutive days of decline, with a total decrease of 1.69% over the past two days.

Amazon CEO Andy Jassy has announced that the company will reduce its workforce in the coming years. This decision comes as the company increasingly adopts generative AI tools and agents, which are expected to bring efficiency gains and potentially lead to job displacement. Jassy has encouraged employees to embrace AI through education, experimentation, and participation in team brainstorming sessions, comparing the current moment to a significant shift in the company's operations.

Jassy's comments reflect a broader concern within the tech industry about the impact of AI on employment. The CEO has been vocal about the potential for AI to reduce the need for human workers, particularly in corporate roles. This shift is part of a larger trend in the tech industry, where companies are exploring ways to leverage AI to streamline operations and reduce costs.

In addition to workforce reductions, Jassy has also implemented changes to the company's work culture. In January, he began requiring workers to return to the office five days a week, believing that this will strengthen the company culture and foster better collaboration among employees. This move is seen as an effort to balance the benefits of remote work with the need for in-person interaction and teamwork.