Amazon stock is up 43% over the last five years, badly underperforming other Magnificent Seven stocks and the broader S&P 500.

The direct action taken by companies to cut jobs, for different reasons, may act as a warning that a snowball effect could be in the works.

The notification with Amazon’s entire list is online at the state’s WARN site. Separately, a regional delivery service partner with Amazon has filed a layoff notice with the state Department of Employment Security, eliminating more than 100 jobs.

Amazon will report earnings after the closing bell on Thursday. Analysts want updates on AI progress, AWS, and retail margins.

The company didn’t say how many video-game jobs will be cut but noted “significant role reductions” in both cities.

Microsoft's Azure platform and other company services are experiencing an outage that started around 12:00 p.m. Eastern time on Thursday. The company reported that the outage was triggered by "an inadvertent configuration change" that impacted the Azure Front Door delivery network.

Business Insider's reporters walk through the big layoffs at Amazon, why the cuts came, and who could be next.

LAYOFFS: Amazon announces another round of layoffs impacting 14,000 corporate roles Here's what to know about the layoffs at Amazon, UPS, Target and other employers. Houston and Texas will escape the brunt of the layoffs announced this week.