All Stories Tagged: AMZN News, Page 4

Amazon CEO Andy Jassy released a statement of the expected job cuts in response to a employee leak of the company's early 2023 layoff plans.

Andy Jassy lamented the current economy and Amazon's previously rapid hiring as he suggested layoffs would take place over the next few months.

Starting this week, Amazon will allegedly begin layoffs in its corporate, technology, retail, and HR divisions to cut costs.

The company enjoyed AWS revenue growth in addition to beating EPS.

The Amazon company's Q3 2022 earnings results had it coming in just ahead on revenue with a solid win in earnings-per-share versus expectations.

The company expected $155 billion but have now updated their expectations to anywhere between $140 to $148 billion.

There was word that Amazon had made an offer to EA and the deal could be announced today, but analysts claim no deal is in place.

Sellers who use Fulfillment by Amazon (FBA) will need to pay an additional 35 cents per item sold over the holidays.

Amazon's (AMZN) investment in Rivian (RIVN) caused woes for the stock this quarter.