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Amazon (AMZN) Plunges as Job Cuts Hit AWS and Retail in Largest Layoff Yet

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • Amazon plans a second round of corporate job cuts affecting AWS, retail, and HR units, targeting 30,000 total layoffs to reduce bureaucracy and improve efficiency, marking the largest cut in its history.
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AMZN price history

256.78 +11.80% over the displayed period

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