Amazon Announces a 4% Workforce Reduction, Cutting 14,000 Jobs. Here's What Investors Need to Know.

Amazon (NASDAQ: AMZN) announced Tuesday that it's cutting 14,000 corporate jobs, shedding roughly 4% of its workforce in a bid to shift more resources to artificial intelligence (AI) and other high-profile priorities. And while the announcement is a blow to workers in a struggling job market, it's important for investors to realize that Amazon is wildly inefficient compared to other "Magnificent Seven" companies -- and the layoff may be exactly what's needed to help Amazon trim costs and free up money to pursue its AI ambitions.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool