Amazon.com Inc (AMZN)
Amazon Shifts Grocery Focus To Online And Whole Foods As It Closes All Fresh And Go Stores
Amazon is calling it quits on its Fresh grocery and Amazon Go convenience store concepts as it realigns its grocery strategy around online delivery and Whole Foods, the company announced.
Amazon, Chanel appointed to represent Saks' creditors in bankruptcy
Ecommerce giant Amazon and high-end brands LVMH and Chanel have been appointed to Saks Global's newly formed creditors committee, which will give them a stronger voice in the luxury retailer's bankruptcy restructuring.
Amazon Is Laying Off 16,000 Workers, in Latest Round of Cuts
Amazon's corporate ranks are about to get smaller.
Amazon execs say layoffs are part of turning the company into the 'world's largest startup,' leaked memos show
Amazon is cutting 16,000 corporate jobs. Internal memos show how some Amazon executives are communicating about the layoffs.
Amazon to close most Amazon Go and Amazon Fresh stores in days
Amazon said this week that it was closing almost all of its Amazon Go and Amazon Fresh locations within days as it narrows its focus on food delivery and its grocery chain, Whole Foods Market.
Amazon axes 16,000 more jobs as companies keep replacing workers with AI
The headcount reduction is the second phase of a plan to eliminate around 30,000 corporate roles, which was first announced this past fall.
Internal Amazon FAQ spells out what's happening to the 16,000 employees getting cut
Amazon is cutting 16,000 corporate jobs An internal FAQ viewed by Business Insider includes details for affected employees. This is the second big layoff by Amazon since October.
Amazon Cuts 16,000 Jobs in Broad Organizational Restructuring
Amazon said Tuesday (Jan. 28) that it is cutting roughly 16,000 jobs across its global workforce, marking one of the largest headcount reductions in the company's history.
Amazon to lay off 16,000 employees in latest restructuring effort
Amazon.com Inc (NASDAQ:AMZN) said on Wednesday it will cut approximately 16,000 jobs across the company, marking the second major round of layoffs in three months. The reductions follow 14,000 cuts in October 2025, primarily at the corporate level.
Amazon's Many Store Closures Aren't The End—They're The Strategy
Once upon a time, Amazon tried to build a physical-store kingdom: cashierless convenience in Amazon Go, grocery at Amazon Fresh, Amazon kiosks in malls for small electronics, Amazon 4-star for I-never-understood-what, fashion at Amazon Style, deals-of-the-day at Amazon Treasure Truck and Amazon Books.
Wall Street sets Amazon stock price for the next 12 months
Amazon (NASDAQ: AMZN) received a couple of positive price target revisions from major Wall Street companies on Wednesday, January 28.
5 Things to Know Before the Stock Market Opens
Stock futures are higher Wednesday morning as investors await the latest decision from the Federal Reserve on interest rates and earnings reports from several tech giants; the Fed is widely expected to hold rates steady, but investors will be keeping close tabs on Fed Chair Jerome Powell's comments at a press conference this afternoon; Tech heavyweights Meta Platforms, Tesla and Microsoft are each set to report quarterly results after the closing bell, headlining a busy day of earnings; Chinese authorities have reportedly given the green light to a number of companies to order Nvidia's H200 chips; and Amazon is undergoing another round of job cuts with about 16,000 employees expected to be affected by layoffs. Here's what you need to know today.
