Amazon’s deeper cuts could impact retail outlets
What: Amazon announced another round of layoffs, cutting another 9,000 employees in advertising, human resources, Twitch, and Amazon Web Services.
Why it is important: The potential disruption to Amazon Web Services could be a cause for concern to apparel, beauty, and other online retail outlets that rely on Amazon’s cloud division.
Amazon’s cloud division is the top cloud computing platform by market share and fuels a massive load of e-commerce with artificial intelligence and machine learning powers.
The CEO of Amazon stated that Amazon Web Services is still a priority for the company and the move to cut more jobs is one of efficiency as they streamline their costs and headcount.
The announcement brings the company’s total dismissals to more than 27,000 since November.
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