Amazon is cutting dozens of jobs in its communications unit in an effort to cut costs, Bloomberg’s Spencer Soper and Vinicy Chan report. “Following a recent review, we’re making some changes to the Communications & Corporate Responsibility organization to help us move faster, increase ownership, strengthen our culture, and bring teams closer to customers,” Amazon spokesperson Brad Glasser said in an emailed statement. “As part of these changes, we’ve made the difficult decision to eliminate a small number of roles. We don’t make these decisions lightly, and we’re committed to supporting affected employees through their transitions.” Amazon initiated its biggest-ever corporate job cuts in 2022, which ultimately affected 27,000 positions across the company, and has since implemented smaller rounds of layoffs targeting particular departments and roles.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMZN:
- Craig-Hallum ups Ranpak target after ‘transformative’ Amazon deal
- Ranpak jumps after issuing Amazon warrant to buy 18.7M shares
- What Wall Street is saying about Meta ahead of earnings
- World’s Largest Investor says DeepSeek Positive after AI Stocks Fuel Record Returns
- Crypto Mining Stocks Sink Again as Tech Recovers after DeepSeek Shock