Amazon (AMZN) – Cost Cuts – February 10, 2024

Third-Party Content. Provided for informational purposes only. Not investment advice or a recommendation to buy or sell any security. See disclosure here.

Amazon (AMZN) – Cost Cuts – February 10, 2024

Amazon will cut about $100 million in payroll within its healthcare unit amid another series of layoffs. As always, layoffs suck from a human perspective. I hope all of those impacted find great jobs in what is still a fantastic job-seeker market. From an Amazon perspective, this merely adds another operating income tailwind into the fold. Whether it’s ads, fulfillment localization, new fulfillment services from its existing cost base, 3rd party selling or Prime pricing power, Amazon is enjoying strong wind at its back as it pushes for more leverage.

With GenAI use cases exploding, Amazon is finding new ways to automate developer coding, AWS maintenance and also customer service. So? Like Google has told us to expect throughout 2024, I unfortunately think more roles will become unneeded and more layoffs will occur for Amazon.

Disclaimer: Third party content is provided for informational purposes only and should not be construed as an offer to sell or a solicitation of an offer to buy or sell any security. Third party content is not intended to serve as a recommendation to buy or sell any security and is not intended to serve as investment advice. Third party content creators are not affiliated with BBAE Holdings LLC, (“BBAE”) Redbridge Securities LLC (“Redbridge Securities”) or BBAE Advisors LLC (“BBAE Advisors”). All investments involve risk, including the possibility of total loss of principal. For additional important information, please click here.

Related Posts
BBAE Blueprint

BBAE: Up to $400 First Deposit Bonus!

Tailored insights, powerful tools. Automatic bonus at signup.
Get Started with BBAE Now!