Amazon Cuts Jobs From Its Strongest Segments: Here's What It Means for the Stock

E-commerce giant Amazon (NASDAQ: AMZN) is among the organizations slimming down, after growing its workforce from 798,000 at the end of 2019 to 1.54 million by the end of 2022. While the latest round of cuts seems like a small number compared to the size of its overall workforce, it's where Amazon has made these cuts that might be concerning to investors. This round of layoffs will be concentrated across four of Amazon's departments: Amazon Web Services (AWS), advertising, PXT Solutions (People Experience and Technology Solutions), and Twitch.