Amazon layoffs: Amazon stock rises today as Amazon trims jobs again despite rising revenue. Amazon is cutting 16,000 corporate jobs. This brings total layoffs to 30,000 since October. CEO Andy Jassy aims to "remove layers" and boost efficiency. Paradoxically, AMZN stock rose to $246.22 on the news. Investors are cheering for better margins. The company is trading at a low PEG ratio of 0.65. This suggests it is undervalued relative to growth. AWS cloud revenue is also reaccelerating. It grew 20% recently. Wall Street remains bullish. About 95% of analysts rate it a "Buy." They see a price target of $295.
