Julie Chang

Operating income increased by 21 to more than $38 billion, and the company's closely watched Azure cloud business grew by 39%, matching Wall Street estimates.

And that's it for your TMB Tech Minutes.

Check back tomorrow morning for another quick tech update.

Here's your morning TNB Tech Minute for Wednesday, January 28th.

I'm Julie Chang for The Wall Street Journal.

Amazon said it would cut around 16,000 corporate employees, the latest step in the tech giant's efforts to slim down its workforce.

It comes after the first round of cuts in October that laid off about 14,000 white-collar employees.

At the time, people familiar with Amazon's plans said the company was targeting around 30,000 job cuts, or around 10% of the corporate workforce.

The company's senior vice president of people experience and technology announced the cuts in a blog post today, saying the layoffs are part of Amazon's strategy to streamline operations and reduce bureaucracy.

ASML Holding, the maker of the world's most advanced chipmaking equipment, logged record quarterly orders.

It's a sign that spending to produce semiconductors behind the AI boom remains strong.

ASML booked orders of about $15.85 billion in the fourth quarter, well above analysts' forecasts.

Some of the Dutch company's clients include TSMC, Samsung Electronics, and Intel.

Despite record orders and growing sales, ASML said today that it's planning to slash about 1,700 jobs in its tech and IT operations.

And we exclusively report that SoftBank Group is in talks to invest up to $30 billion more in OpenAI.

That's according to people familiar with the matter.

SoftBank already has an 11% stake in OpenAI.

The chat GPT maker is seeking to raise up to $100 billion in new capital, which could value the company at as much as $830 billion.

The deal talks are ongoing and terms could still change.

That's your TNB Tech Minute.