Amazon Plans to Cut 10,000 Jobs

The video discusses Amazon's recent market activities, including a significant announcement by Jeff Bezos about his intention to donate most of his wealth. It also covers Amazon's plan to cut 10,000 jobs, which follows a hiring freeze announcement. The video explores how these developments have affected Amazon's stock performance and investor sentiment, with the stock down 40% for the year. Investors are keen to see how Amazon will address operational challenges.

What significant announcement did Jeff Bezos make regarding his wealth?

• He will buy back Amazon shares.

• He plans to retire from Amazon.

• He intends to give away most of his wealth during his lifetime.

• He plans to invest in new startups.

What major workforce change did Amazon announce?

• They are increasing employee salaries.

• They are opening new offices.

• They are hiring 10,000 new employees.

• They are planning to cut 10,000 jobs.

What was the market's immediate reaction to Amazon's announcement of job cuts?

• The stock price increased by 2%.

• The stock price increased by 5%.

• The stock price remained stable.

• The stock price decreased by 2%.

What was the overall performance of Amazon's stock for the year?

• The stock was up 20%.

• The stock was up 40%.

• The stock was down 40%.

• The stock was unchanged.

What do investors expect from Amazon following the recent announcements?

• To increase their workforce.

• To improve their operational strategies.

• To launch new products.

• To acquire new companies.