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Amazon cuts hundreds of jobs in cloud computing unit - TL;DR CNBC

Amazon cuts hundreds of jobs in cloud computing unit

Publishing timestamp: 2024-04-03 12:03:46


Summary

Amazon's AWS unit is laying off hundreds of employees in its store technology and sales and marketing units as sales growth has decelerated. The company is streamlining its organization to focus on key strategic areas, leading to layoffs in various divisions. This comes after Amazon removed its cashierless checkout technology from its U.S. Fresh stores.


Sentiment: NEGATIVE

Tickers: AMZN

Keywords: layoffstechnologypersonnelbreaking news: technologyamazon.com incbusiness newsinternet

Source: https://www.cnbc.com/2024/04/03/amazon-layoffs-hundreds-of-jobs-cut-in-cloud-computing-unit.html


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