Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
Layoffs: How does it affect stock prices
Views 158K Contents 32

Learn of Today: Amazon to slash more jobs. What to learn from it?

$Amazon(AMZN.US)$ is laying off more than 18,000 workers, much more than the 10,000 previously planned.
“These changes will help us pursue our long-term opportunities with a stronger cost structure.” Said its Chief Executive Officer Andy Jassy in a memo to staff.
Learn of Today: Amazon to slash more jobs. What to learn from it?
The peak of employee size occurred in Q3 and Q4 in 2021, which is also a turning point when the financial report shows a year-on-year decline in operating profit.
moomoo - AMZN - Analysis - Fundamental
moomoo - AMZN - Analysis - Fundamental
Amazon's closing price on Wednesday, January 2023 was down 55% from its July 2021 all-time high of $188.654.
Learn of Today: Amazon to slash more jobs. What to learn from it?
Learn with News
Earnings reports are important to stock analysts, investors and others because it is a way of assessing a company's current financial condition and its long-term performance.
It's more useful to keep an eye on the earnings reports you hold and do your own research than to follow the market movements.
What you'll learn:
How to do fundamental analysis
How to do capital analysis
Know more about quotes and orders
Learn of Today: Amazon to slash more jobs. What to learn from it?
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
1
11
+0
3
Translate
Report
21K Views
Comment
Sign in to post a comment
  • RJBoy : I believe this shows of bad times, when a big company finally decides to cut costs and lay off a bunch of workers. The bad thing is they are laying off more people then originally thought.

  • Ixy The Cat : The recession is truly here, at least for the US economy. Salesforce cutting 10% of workforce, Amazon's largest staff firing in its history, fudged govt job numbers, high interest rate environment, highest consumer debt levels, and so many indicators point to decline.

  • 727727727 : Amazon has lost their way and core business is suffering.  They need to trim the fat and refocus toward profitability.

avatar
Moomoo Learn Official Account
Easy learning at moomoo Learn. Let's trade smarter!
20KFollowers
105Following
24KVisitors
Follow