Amazon gearing up for another round of layoffs. A
tech giant cutting another 9000 positions here in the coming
weeks and that stocks down 1.3%. Well, the
latest round of job cuts in the cloud computing space
, hr advertising and Twitch live streaming business. Today's
cuts in addition to earlier job cuts affecting about 18,000
employees. Well, the technique commerce giant has been
taking measures to cut costs as it sees revenue growth
slowdown. Jassy explaining a memo to staff today reviewed
by Cheddar news that the company split up the layoffs
due to ongoing internal analysis. Jassy going on to
write that he feels optimistic about the company's direction and
the opportunities ahead.