Amazon Announces Biggest Layoffs Ever! More Likely to Follow

Amazon (AMZN 3.56%) We overinvested in capacity at the start of the pandemic when sales were soaring. We now need to take corrective action to properly size our employee base.

* Stock prices are based on the afternoon of January 5, 2023. The video will be released on January 7, 2023.

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Parkev Tatevosian, CFA has no positions in any of the mentioned stocks. The Motley Fool has a position on and recommends The Motley Fool’s U.S. headquarters has a disclosure policy.

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