26.03.2023 17:00:00

Amazon Layoffs: The Good, The Bad, and The Ugly

Even well-established corporations aren't immune to economic troubles. Just ask Amazon (NASDAQ: AMZN), one of the largest companies in the world by market cap. Over the past year, the e-commerce leader has seen slower sales growth, a rare annual net loss, and a stock price that dropped by about 50% in 2022.Amazon has responded to these issues by attempting to reduce expenses where it can, including letting go of thousands of employees, a popular move on Wall Street these days. And on March 20, Amazon announced another round of job cuts that has some investors worried. What does all this mean for the company's future? Let's consider the good, the bad, and the ugly of Amazon's layoffs from a business and investing perspective.Continue reading
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