Amazon just posted its third-quarter earnings and it turns out it was a phenomenal quarter for the e-commerce giant, despite recent layoffs.

The company giant raked in $180.2 billion in sales in the three months ending Sept. 30, up 13% from the same period last year. Its cloud business, AWS, reported its largest year-over-year growth since 2022, climbing 20% to $33 billion. The company’s stock even popped 13% in after-hours trading following the report.

So why, with the company performing so well, did Amazon just slash 14,000 corporate jobs and hinted that more cuts could be on the way?

Fortunately for us, CEO Andy Jassy was asked to comment on the layoffs during the company’s earnings call Thursday evening. However, he was quick to downplay any connection to AI.

“What I would tell y

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