US EditionAmazon Set to Layoff 14,000 Employees
- On Monday, CNBC host Jim Cramer urged investors to `Buy` Amazon.com Inc. despite the company planning to cut 14,000-15,000 corporate roles starting January 28.
- Capital expenditures surged 55% to $35.1B in Q3 as Amazon boosts AI infrastructure, while Andy Jassy, Amazon CEO, framed cuts as cultural shifts tied to AI adoption.
- On Friday, the stock traded near $240 as retail sentiment on Reddit and X flipped to negative 0.15 from a 0.12 quarterly average, with a consensus target of $291.40.
- The reductions hit Amazon Web Services, Prime Video and Human Resources and are part of a roughly 30,000 white-collar reduction, with $4.3 billion in special charges and free cash flow at $14.8 billion.
- While about 95% of Wall Street analysts rate AMZN a Buy with a $295 target, investors remain uneasy about the 30,000 job reduction and $35.1B AI infrastructure spending.
23 Articles
23 Articles
Amazon layoffs affected employees severance package explained as company plans major job cuts
Amazon layoffs affected employees severance package details are drawing attention as Amazon plans to cut up to 16,000 roles. The explainer covers who is impacted, why jobs are cut, what severance support employees may receive, and how investors view the move.
Some reports also suggest that WARN notices have already been sent to 1,000 to 2,000 employees in the US. Such notices are required under US law before any major layoffs, although Amazon has not yet officially confirmed this.
Amazon Shares Stall as Job Cuts Loom Against $35B AI Spending
Quick Read Amazon (AMZN) social sentiment dropped to negative 0.15 from a 0.12 quarterly average. Amazon plans to cut 14,000-15,000 jobs starting January 28. Amazon capex surged 55% to $35.1B in Q3. Operating income growth was just 0.06% despite 13.4% revenue growth. Amazon’s YTD return of 4.1% lags NVDA’s 27.5% and GOOGL’s 67% despite 95% analyst Buy ratings. It sounds nuts, but SoFi is giving new active invest users up to $1,000 in stock f…
Coverage Details
Bias Distribution
- 43% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
