Amazon Stock Jumps in Pre-Market as Company Announces 16,000 Job Cuts

Quick Read Amazon (AMZN) is cutting 16,000 jobs globally. This brings total planned corporate reductions to 30,000 roles. Amazon is closing Amazon Go and Fresh stores while aggressively expanding artificial intelligence infrastructure. Amazon posted Q3 revenue of $180.17B (up 13.4%) with net income at $21.19B. Investors rethink ‘hands off’ investing and decide to start making real money Amazon (NASDAQ:AMZN) stock moved in pre-market trading Wednesday morning after the company announced it will cut ...