Amazon is planning to cut about 30,000 corporate jobs in its latest round of layoffs, affecting teams across various departments. Despite this, the company has announced significant investments in AI and cloud infrastructure, underscoring its aggressive growth strategy. Analysts are closely watching Amazon’s upcoming Q4 earnings report, expecting moderate revenue growth driven by strong holiday shopping activity and AWS performance. Wall Street remains bullish on Amazon, with the majority of analysts rating the stock as a “Strong Buy” and setting an average price target of $297. The market is cautious about Amazon’s cost-cutting measures and potential impact on demand.

Read more at Barchart: Dear Amazon Stock Fans, More Layoffs Are Coming This Week