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Why is Amazon up +9%?
Answer: They saved buku-bucks with the largest layoffs in their history, cutting 27,000 jobs
since last fall. They also froze corporate hiring, plus Andy Jassy looked to trim expenses in units across the entire company.

$AMZN's Global headcount fell 4% year over year to 1.46 million people as of the end of
the second quarter.

So yeah cost cutting matters to the bottom line.

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Rico's avatar
sales bump!
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