The Story
News Summary
- Amazon announces a major job cut of 16,000 primarily corporate roles to reduce costs amid slowing e-commerce demand.
- More layoffs may follow, but AI and cloud businesses continue growing.
- Stock dips slightly but retains a strong buy consensus with significant price upside.
Explore AMZN price history & advisor snapshot
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Stored market data
AMZN price history
256.78
+13.48% over the displayed period
Advisor Snapshot
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