Amazon Cuts 16,000 Jobs as Morgan Stanley Lifts 2026 Capex to $218B

Amazon trimmed 16,000 positions while Morgan Stanley raised its 2026 capex forecast to $218 billion, up from the company’s $200 billion guide. The moves follow Q1 AWS revenue of $37.6 billion, up 28% YoY, and a $25 billion bond issuance to fund AI infrastructure. Earlier coverage highlighted Amazon’s $8–13 billion Anthropic stake and $318 billion 2025 sector-wide AI spend, underscoring the tension between surging costs and automation-driven headcount reductions.