long-term financial health

AppWizard
March 22, 2024
Amazon has announced a workforce reduction, laying off 9,000 employees following a previous layoff of 18,000 workers. The layoffs are part of a cost-cutting initiative in preparation for potential economic challenges. The positions affected are in various departments, including human resources and technology. CEO Andy Jassy is leading the company through these changes, emphasizing agility and financial discipline. Despite the layoffs, Amazon continues to invest in its cloud computing division, Amazon Web Services, and other areas of potential growth. The company's actions are in line with a trend among tech giants preparing for economic uncertainty and are aimed at maintaining long-term sustainability and market leadership.
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