Amazon.com Inc (AMZN)
Amazon to Cut 16,000 Jobs in Latest Round of Layoffs
The e-commerce giant has been cutting costs in part to redirect money into building data centers to compete in the race to dominate artificial intelligence.
Amazon slashes 16,000 corporate roles in latest phase of a broader reset
Amazon announces new layoffs as part of a broader reset by the e-commerce and cloud giant. The company previously cut 14,000 jobs in October, citing cultural and efficiency shifts.
Amazon cuts 16,000 jobs globally in broader restructuring
Amazon said it was cutting 16,000 jobs worldwide in the second major round of layoffs at the company in three months, as it restructures to offset pandemic-era over-hiring and expands the adoption of AI tools.
Amazon Agrees to Settle Class Action Lawsuit Alleging Incorrect Denials of Refunds
Amazon has agreed to pay $309 million to settle a class action lawsuit in which the plaintiffs claimed they were incorrectly denied refunds for product returns, Reuters reported Monday (Jan. 26).
Amazon bungles Wednesday layoff plan with misfired internal email
Amazon on Tuesday appeared to have mistakenly alerted many Amazon Web Services cloud computing employees about layoffs planned for Wednesday morning with a commiseration email and team-wide meeting invite sent hours early.
Amazon (AMZN) Exceeds Market Returns: Some Facts to Consider
Amazon (AMZN) reached $244.68 at the closing of the latest trading day, reflecting a +2.63% change compared to its last close.
Read the memo: Amazon's grocery boss details restructuring, says more 'deliberate' strategy needed
Amazon's top grocery executive Jason Buechel told staff that the company needs to make more "deliberate choices" to win over customers. The company said it's closing its Fresh supermarket and Go convenience store chains.
Amazon agrees to pay consumers $309M in returns policy settlement
Amazon has reached a settlement valued at more than $1 billion to resolve claims that it failed to properly refund customers for their returns. The settlement includes more than $600 million already distributed or soon to be paid in refunds, plus an additional funds that will be paid out to affected consumers, according to court documents.
Amazon shuttering Amazon Go, Amazon Fresh to focus on Whole Foods, grocery delivery
The retail giant announced the closures in a blog post on Tuesday, Jan. 27.
Amazon Shutters Go and Fresh Stores as Whole Foods Expands
Amazon is closing its Amazon Go and Amazon Fresh stores while adding more same-day grocery delivery services. “While we've seen encouraging signals in our Amazon-branded physical grocery stores, we haven't yet created a truly distinctive customer experience with the right economic model needed for large-scale expansion,” the company wrote in its announcement Tuesday (Jan. 27).
Amazon is closing its Fresh grocery and Go convenience stores
Amazon.com Inc. is shuttering its Amazon-branded grocery stores and automated grab-and-go markets, eliminating two centerpieces of its push into physical retail.
Amazon: Retail May Provide Stability Amid AI Uncertainty (Earnings Preview)
Amazon is reiterated as a "Buy" with a $327/share price target, reflecting resilient retail and AWS growth amid AI-driven uncertainty. AMZN's retail business is positioned to benefit from value-oriented consumer shifts and private label brands, offsetting potential AWS margin compression. Q4'25 is pivotal as investors scrutinize AI investment conversion, backlog diversification, and the durability of consumer spending.
