Amazon to Lay Off 30,000 Employees Amid Structural Changes

Amazon plans to lay off approximately 30,000 employees across various divisions. According to NS3.AI, this decision is motivated by the company's aim to streamline its culture rather than due to financial strain or AI strategy shifts. Despite worries about the effects of tariffs and workforce reductions, analysts maintain a positive outlook on Amazon's stock, with average price targets indicating a potential upside of over 25%. Recently, Amazon's shares experienced a slight rebound, signaling market optimism amid these structural adjustments.