From StockTwits: 2025-01-16 23:44:11

Amazon.com ($AMZN) is cutting 200 jobs in its core retail unit, including fashion, Prime, and private label brands. The company confirmed the layoffs, with sentiment cautious among investors. The cuts are part of a larger cost-cutting effort under CEO Andy Jassy, who has already retrenched 27,000 employees since 2022. The layoffs are not related to the closure of ‘Try Before You Buy.’ Amazon is expected to report earnings per share of $1.48 on revenue of $187.36 billion for the fourth quarter. Stocktwits data shows a neutral sentiment on the stock, which is up 0.58% year-to-date.



Read more at StockTwits: Amazon Stock In Focus After Reported Layoffs: Retail Stays Cautious