Amazon Cuts More Than 1,000 Retail Jobs in New Layoffs

Business13 days ago

Amazon shares traded 0.5% lower in premarket sessions. The downward pressure on the stock followed reports that the company will lay off more than 1,000 employees in its Stores unit, a fresh round of staffing reductions that focuses on the retail division.

The cuts primarily target workers within the retail arm to reduce overall headcount in that segment of the business. This wave of personnel changes is the latest in a series of recent workforce adjustments across the organization.

Mapped to your portfolio

Possible scenarios

45%Cost Discipline Accepted+0.0%
25%Retail Weakness Signal-0.1%
20%Automation Push Accelerates+0.1%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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Amazon Cuts More Than 1,000 Retail Jobs in New Layoffs

In this story

Amazon (company)

$AMZNAmazon.com, Inc.

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Mapped to your portfolio

Possible scenarios

45%Cost Discipline Accepted+0.0%
25%Retail Weakness Signal-0.1%
20%Automation Push Accelerates+0.1%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.