""Amazon isn't perfect, and we are seeing increasing urgency in defending their cloud leadership position and reclaiming some of the unique culture," Baird's senior analyst Colin Sebastian told Business Insider."
""Jassy's strategy is proving successful, even if there are still some wrinkles to work out.""
"The company said it was a preemptive move that makes it "leaner.""
"Amazon was contending with a widening perception that it was trailing in AI, with a top Wall Street analyst calling it an " AI laggard.""
Amazon announced 14,000 layoffs on Tuesday, prompting concerns about AI capabilities and broader cultural change. The layoffs were described as a preemptive move to make the company leaner. Executives under CEO Andy Jassy have pursued a yearlong effort to streamline bureaucracy, including a 15% reduction in the manager-to-employee ratio, to restore discipline and reshape culture. Market anxiety centered on slowing growth at Amazon Web Services and perceptions of falling behind peers on AI. Investor sentiment shifted within 48 hours, producing a rapid stock rebound and record-high share levels by Friday, reassuring many market watchers.
Read at Business Insider
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