Amazon stock price rises as company plans 30,000 corporate job cuts, expands AI, robotics investments. Here’s restructuring process, impact on share price, CEO Andy Jassy’s strategy

Amazon stock price gained attention this week after reports revealed that the company plans to cut around 30,000 corporate jobs as part of a cost-reduction strategy. The move, led by CEO Andy Jassy, aims to streamline operations, enhance productivity, and expand investments in artificial intelligence and robotics.

Analysts believe these changes could influence Amazon stock price ahead of its upcoming Q3 earnings report. The company is also investing €1.4 billion in the Netherlands to strengthen Amazon Web Services (AWS) and logistics operations, further boosting investor confidence in Amazon stock price.