Per Bloomberg
Amazon will be freezing staffing levels in its advertising business to align its expenses with slowing sales better. The information was given by a familiar source that requested to remain anonymous since the plans were private.
Amazon will fill vacancies for its advertising business, but no new positions will be created. A company spokesperson said, "Amazon continues to have a significant number of open roles available across the company."
Since Oct 27, Amazon shares have dropped 13%. The company froze hiring for corporate roles and had been shutting down or cutting several experimental and smaller programs to reduce its expenses.
See full $AMZN flow at unusualwhales.com/flow.
Trump: I want no more property taxes across the United States
7/4/2025 10:14 PMTrump's "Big, Beautiful" has $1.1 trillion in health cuts and 11.8 million losing care
7/3/2025 7:31 PMTrump’s Big, Beautiful bill passes the House
7/3/2025 7:27 PMGas prices haven’t been this low for the Fourth of July since 2021
7/3/2025 4:32 PM
Stay Updated
Subscribe to our newsletter for the latest financial insights and news.