Amazon's (AMZN) Most Recent Round of Layoffs Hits Thousands of Engineers
Amazon recently laid off over 14,000 workers, with engineers being the most affected. This round of layoffs is one of the largest in Amazon's history and reflects a broader trend in the tech industry. Despite the cuts, Amazon continues to invest in AI, which may reduce corporate roles in the future. Analysts maintain a Strong Buy rating on AMZN stock, with a price target suggesting a 36.2% upside potential.