Amazon cuts 16,000 jobs in latest round of layoffs
Digest more
On Feb. 5, Amazon is scheduled to release its operating results for the fourth quarter of 2025, which will give investors a fresh update on how AI is impacting the company's booming cloud computing and e-commerce businesses.
Amazon.com, Inc. (NASDAQ:AMZN) is one of the AI Stocks in Focus on Wall Street. On January 27, Stifel analyst Mark Kelley raised the price target on the stock to $300.00 from $295.00 on Tuesday, while maintaining a Buy rating.
Amazon to cut about 16,000 corporate jobs; U.S. staff get 90 days to find internal roles. Bay Area teams may be affected.
Amazon Web Services (AWS), Prime Video, human resources, and retail are among the departments impacted, Reuters reports.
Despite the layoffs, Amazon’s business is booming. The company is set to report its final quarterly earnings for 2025 next week, but in its most recent earnings report, Amazon said sales rose 13% to $180.2 billion in the three months ending September 30.
Amazon has begun building a huge new warehouse in Upstate New York, according to a new report. The retail giant started construction on what will be a 3.2 million square-foot distribution center in the Capital Region,
A U.S. bankruptcy judge has dismissed Amazon.com Inc.‘s (NASDAQ:AMZN) attempt to block a proposed financing deal to aid Saks Global Enterprises during its Chapter 11 bankruptcy. On Thursday, Judge Alfredo Perez approved a preliminary $400 million financing package for Saks following a courtroom battle between the retailer and several creditors,
Rosenbaum & Segall, P.C. reports Amazon's marketplace growth presents compliance challenges for sellers, as automated systems increase scrutiny and risk of suspensions.