From Startup Fortune · · 1m 20s
Amazon Lays Off 121 Washington Workers as AI Spending Hits $220 Billion
Amazon cuts 121 Washington jobs while planning $220 billion AI spending in 2026.
In brief
Amazon cuts 121 Washington jobs while planning $220 billion AI spending in 2026. Amazon permanently laid off 121 workers in Washington state as it increases AI spending to $220 billion for 2026. Originally reported by Startup Fortune.
Amazon cuts 121 Washington workers
Amazon permanently laid off 121 employees across Seattle, Bellevue, and Sumner this month.
Layoffs split unevenly
49 jobs at Bellevue's SEA106 office tower and 32 positions at Sumner's BFI1 fulfillment center.
Amazon's AI spending hits $220 billion
Amazon now expects to spend about $220 billion on capital expenditures in 2026, up from $200 billion earlier this year.
AI spending driven by memory chip prices
Rising memory chip prices fuel Amazon's $220 billion AI infrastructure push for AWS data centers.
AWS revenue grows 36.7% year over year
AWS revenue grew 36.7% year over year to $42.2 billion last quarter, its fastest growth in 18 quarters.
Amazon cuts 57,000 jobs since 2022
Amazon has cut more than 57,000 corporate jobs since 2022, with the pace accelerating in 2026.
AI spending outpaces competitors
Amazon's $220 billion capex guidance exceeds Microsoft's $190 billion and Alphabet's $180 to $190 billion plans.
The headline
Amazon permanently laid off 121 workers in Washington state as it increases AI spending to $220 billion for 2026.
