By Marco Piccolo Key highlights: Amazon is preparing to lay off as many as 30,000 white-collar employees, or roughly 10% of its corporate workforce. The move is part of CEO Andy Jassy’s cost-cutting push and growing focus on AI-driven efficiency. Wedbush raised its price target for AMZN to $280 ahead of Thursday’s earnings call, projecting […]
Tag: AMZN
By Marco Piccolo Key highlights: Oppenheimer has raised Amazon’s stock price target to $250, citing improved e-commerce margins and AI-driven operational efficiency CEO Andy Jassy plans to control workforce growth using AI, as Amazon boosts automation and relocates staff to improve productivity Amazon announces a £40 billion ($54 billion) investment in the UK, signaling a […]