Amazon stock slips after 16,000-job cut plan as Wall Street eyes Feb. 5 results
Amazon shares fell 0.7% to $243.01 in early trading after the company confirmed 16,000 new corporate layoffs. The cuts bring total job losses since October to about 30,000. Amazon also plans to close its Fresh and Go stores and discontinue its palm-payment system. Investors await next week’s earnings, focusing on AWS and AI spending.