🚨 JUST IN: Amazon to announce ~16,000 job cuts starting Jan 27
Amazon is set to announce mass layoffs of around 16,000 jobs, with cuts beginning January 27, according to India Today.
KEY DETAILS:
• Company: Amazon $XRP
• Job cuts: ~16,000 roles
• Timeline: Starting Jan 27 $SOL
• Scope: Large-scale workforce reduction
WHY IT MATTERS:
• Signals continued cost-cutting across Big Tech $ADA
• Reflects pressure from slower growth + AI-driven efficiency
• Adds to concerns around tech labor market cooling
BOTTOM LINE:
Big Tech Is Still Deleveraging.
Even Market Leaders Are Tightening Headcount In The New Cycle.