Amazon Begins Biggest-Ever Round of Job Cuts

The video discusses Amazon's announcement of 18,000 job cuts, which represent 1% of its workforce but a higher percentage of corporate roles. Initially focused on the devices business, layoffs will expand to retail and marketing divisions. The impact on earnings and potential recession is considered, questioning if cost-cutting can mitigate economic downturns. Amazon's workforce grew significantly during the pandemic, but the current demand doesn't justify the expanded capacity, leading to a rollback of pandemic-era investments.

What percentage of Amazon's corporate workforce is affected by the announced layoffs?

• 1%

• 3%

• 6%

• 10%

Which business area was initially targeted by Amazon's layoffs?

• Retail

• Logistics

• Marketing

• Devices

What is a potential consequence of the layoffs on Amazon's earnings?

• Increased profits

• Earnings recession

• Higher stock prices

• Improved market share

What was Amazon's workforce size in 2019?

• 1.6 million

• 1.2 million

• 800,000

• 500,000

What strategic move is Andy Jassy making in response to the current economic climate?

• Hiring more employees

• Unwinding pandemic-era investments

• Investing in new technologies

• Expanding retail operations