Cost cuts are happening across the industry.
In this video, I will be talking about Amazon (AMZN 3.14%) and its recent cost cuts announcements. The stock down more than 40% this year but with the upcoming layoffs, cost restructuring, and continued growth this might present investors with an excellent opportunity for the long term.
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*Stock prices used were the closing prices of Nov. 16, 2022. The video was published on Nov. 17, 2022.
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Neil Rozenbaum has positions in Amazon. The Motley Fool has positions in and recommends Amazon. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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