Amazon.com is advancing massive layoffs targeting around 30,000 white-collar roles across multiple divisions (AWS, retail, Prime Video, and HR) as the company strategically refocuses investments toward AI, automation, and high-priority infrastructure.
- The stock is currently trading at $239.23, showing a slight gain of +0.03% today, aligning with broader market trends.
- Management emphasized that the cuts are a strategic refocusing effort, coinciding with heavy AI capital expenditure and the launch of the AWS European Sovereign Cloud.
- Analyst firm TD Cowen raised its price target to $315 (maintaining a Buy rating), citing strong advertising growth.