Straits Times Index
3,139.76 -43.52 (-1.37%) S&P 500
3,951.57 +34.93 (+0.89%) Dow
32,244.58 +382.60 (+1.20%) Nasdaq
11,675.54 +45.02 (+0.39%) Bitcoin USD
27,900.92 -491.46 (-1.73%) CMC Crypto 200
605.96 +6.29 (+1.05%)
AMZN Jan 2024 80.000 call
- Yahoo Finance Video
Amazon layoffs were mostly ‘done at the e-commerce level,’ analyst explains
D.A. Davidson Managing Director and Senior Research Analyst Tom Forte joins Yahoo Finance Live to discuss Amazon layoffs and the broader cutbacks in tech this year.
- Yahoo Finance Video
Amazon to lay off 9,000 employees
Yahoo Finance Live’s Julie Hyman reports that Amazon will lay off 9,000 employees in an additional round of job cuts.
- Motley Fool
Amazon Cuts Jobs From Its Strongest Segments: Here's What It Means for the Stock
E-commerce giant Amazon (NASDAQ: AMZN) is among the organizations slimming down, after growing its workforce from 798,000 at the end of 2019 to 1.54 million by the end of 2022. While the latest round of cuts seems like a small number compared to the size of its overall workforce, it's where Amazon has made these cuts that might be concerning to investors. This round of layoffs will be concentrated across four of Amazon's departments: Amazon Web Services (AWS), advertising, PXT Solutions (People Experience and Technology Solutions), and Twitch.
