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Filing: Amazon Fresh and Go closures will eliminate about 400 jobs in Washington state
GeekWire· 2026-01-28 20:57
Group 1 - Amazon will lay off approximately 400 workers in Washington state as part of its decision to close all Amazon Go and Amazon Fresh stores across the country [1]
Amazon, Chanel appointed to represent Saks' creditors in bankruptcy
Reuters· 2026-01-28 20:37
Core Insights - Ecommerce giant Amazon and luxury brands LVMH and Chanel have been appointed to Saks Global's newly formed creditors committee, enhancing their influence in the luxury retailer's bankruptcy proceedings [1] Group 1 - Amazon's involvement in the creditors committee signifies its growing role in the luxury retail sector [1] - LVMH and Chanel's participation reflects the interests of high-end brands in the outcome of Saks Global's financial restructuring [1] - The creditors committee will provide these companies with a stronger voice in negotiations related to Saks Global's bankruptcy [1]
Stifel Stays Bullish on Amazon (AMZN) Ahead of Earnings
Yahoo Finance· 2026-01-28 19:47
Amazon.com, Inc. (NASDAQ:AMZN) is one of the AI Stocks in Focus on Wall Street. On January 27, Stifel analyst Mark Kelley raised the price target on the stock to $300.00 from $295.00 on Tuesday, while maintaining a Buy rating. The firm cited positive ad checks, robust e-commerce trends, and solid AWS growth for the price target raise. Amazon is set to report its earnings on February 5, with analysts optimistic on the stock as it heads closer to the day. The firm cited supportive fundamentals across multi ...
3 Data Stocks to Buy as Experts Call for Massive Growth Ahead
Yahoo Finance· 2026-01-28 19:40
分组1 - The company is set to announce its earnings on Feb. 5, with an expected EPS of $1.97, reflecting a 5.91% YoY growth in earnings, and significant improvements anticipated by 2026, 2027, and 2028 [1] - Amazon is currently trading at a trailing twelve-month P/E of 33.68x, significantly lower than its five-year average of 55.86x, indicating a discounted valuation [2] - The stock has underperformed the broader market in 2025, with a modest 2% gain in the last 12 months, despite being a major player in multiple industries including retail, cloud computing, and AI [3] 分组2 - The demand for global data centers is projected to grow at an annual rate of 14% until 2030, translating to an additional 100 GW of capacity [6] - AI workloads currently represent a quarter of existing demand, with inference tasks surpassing training tasks for the first time, highlighting a shift in focus for companies [5] - Analysts are bullish on Amazon's stock, with 50 out of 57 analysts rating it a "Strong Buy," and the stock trading 23% below the mean target price of $297.44 [7] 分组3 - Broadcom has returned 60% in the last 12 months, closely mirroring the iShares Semiconductor ETF's 68% returns, although it is currently underperforming the index [9] - The company announced a double beat in Q4 earnings with revenue of $18.02 billion, exceeding estimates, and expects $19.1 billion in revenue for the ongoing quarter [11] - Analysts have a consensus "Strong Buy" rating on Broadcom, with a median target price of $455.22, offering a 38% upside from current levels [12] 分组4 - Nvidia has returned 49% in the last 12 months and has a five-year return of 1,287%, primarily due to the emergence of AI [14] - The company is trading at a 29% discount to its five-year average on a forward P/E basis, with expected earnings growth of 56.93% in 2026 and 63.34% in 2027 [15] - Analysts have a consensus "Strong Buy" rating on Nvidia, with a mean target price that offers a 35% upside [17]
Amazon Still Doesn’t Understand Brick-and-Mortar Retail
MINT· 2026-01-28 19:19
(Bloomberg Opinion) -- The day Amazon.com Inc. announced in June 2017 that it was acquiring Whole Foods for almost $14 billion, employees of the natural grocer packed into the company’s Austin headquarters to meet their new bosses.John Mackey, the Whole Foods Chief Executive Officer at the time, introduced Jeff Wilke, Amazon’s CEO of Worldwide Consumer, who tried his best to connect with his foodie audience. “As I was sitting this morning, eating breakfast, watching the sun rise over this beautiful city—by ...
Amazon Is Laying Off 16,000 Workers, in Latest Round of Cuts
Investopedia· 2026-01-28 18:41
-- Amazon Is Laying Off 16,000 Workers, in Latest Round of Cuts [Stocks Little Changed Ahead of Fed Decision, Tech Earnings][What to Expect from Fed Meeting][How Much Traders Expect Tesla to Move After Earnings][How One Stock Shaved 422 Points Off the Dow Tuesday]- Top StoriesThe latest layoffs come after Amazon cut 14,000 roles in October.Matthias Balk / Picture Alliance / Getty ImagesClose### Key Takeaways- Many of Amazon's big tech peers have also laid off workers recently.- Amazon said Wednesday it is l ...
Amazon execs say layoffs are part of turning the company into the 'world's largest startup,' leaked memos show
Business Insider· 2026-01-28 18:28
Internal memos from Amazon executives explained the company's decision to lay off 16,000 corporate workers as necessary to become the "world's largest startup," according to the messages viewed by Business Insider. "Our ambition is to be the world's largest startup," Amazon executives wrote in two such memos viewed by Business Insider. "That means doubling down on a culture of ownership, speed, and experimentation — which requires us to continue evolving how we're structured."The "world's largest startup" ...
Amazon to Cut 16,000 More Corporate Roles
Youtube· 2026-01-28 18:21
16,000 corporate jobs is the latest wave of more than one wave. And the messaging and in line with your reporting right. Is that this is about efficiency and streamlining.Not about. What are the details of this particular trend that we're seeing. Yeah, definitely a de layering.They're kind of targeting the middle. And this is something that goes back to last year when Jassy was talking about, you know, more and more people who are doing the direct work and fewer people managing the work, you know, in the mi ...
Amazon's Second Massive Layoff in 4 Months Signals Permanent Shift in Tech Labor Strategy
247Wallst· 2026-01-28 18:06
Amazon ( NASDAQ:AMZN ) just announced 16,000 job cuts worldwide, the second massive layoff in four months following 14,000 cuts in October. ...
Amazon’s Second Massive Layoff in 4 Months Signals Permanent Shift in Tech Labor Strategy
Yahoo Finance· 2026-01-28 18:06
Quick Read Amazon (AMZN) eliminated 30,000 corporate roles in 120 days. Leadership explicitly framed cuts as AI-driven automation. Amazon’s Q3 net income rose 36.4% to $21.19B even as capital expenditures reached $35.1B. Microsoft and Meta are also restructuring workforces while investing billions in AI infrastructure. Investors rethink ‘hands off’ investing and decide to start making real money Amazon (NASDAQ:AMZN) just announced 16,000 job cuts worldwide, the second massive layoff in four month ...