According to @ReutersBiz, Amazon said it will reduce its global corporate workforce by about 14,000 people in a major shakeup driven in part by adoption of AI, source: @ReutersBiz. The announcement links the reduction to AI adoption and does not mention cryptocurrencies or digital assets, source: @ReutersBiz.

According to StockMKTNewz on Twitter, Microsoft ($MSFT) has confirmed plans to lay off 3% of its global workforce across all levels and geographies, as reported by CNBC (source: StockMKTNewz, May 13, 2025). This move is part of ongoing cost-optimization strategies in the tech sector. Historically, similar layoffs have led to short-term volatility in tech equities, often resulting in capital rotation into high-growth sectors like cryptocurrency. Traders should monitor both Microsoft stock and leading crypto assets such as Bitcoin and Ethereum, as liquidity shifts from equities could fuel increased trading volume and volatility in the crypto market.