Amazon Cutting 9,000 jobs – 3 Key Points 3-21-23

In this episode, Scott shares 3 points on Amazon cutting 9,000 jobs.

1. The growth of its cash cow business AWS is slowing. This is the most alarming issue for investors. 
2. The company, although the 2nd largest in the US by sales after Walmart is not showing current profits. It needs to show the markets its serious re profits not just revenues. 
3. The stock price is down nearly 40% over the last year but up year to date. Regardless, investors want to see a focus on profits. Amazon is the 4th largest company in the US by market cap. It’s 2nd by revenues.

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