Amazon is Cutting Even More Jobs, Following the Mass Layoffs in January. Can It Maintain Its Cloud Dominance as Employees Exit?

Amazon (NASDAQ: AMZN), the world's largest e-commerce and cloud infrastructure company, laid off 16,000 employees this January. Those job cuts mainly affected Amazon Web Services (AWS), its retail and operations division, Prime Video, and its human resources department.Those reductions, along with its prior elimination of about 14,000 corporate positions last October, enabled Amazon to achieve its restructuring goal of cutting 30,000 jobs. Yet it continued pruning its workforce over the past four months, with an undisclosed number of additional layoffs across its AWS, Prime Video, MGM, and selling partner service divisions.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool