Amazon Web Services Lays Off Hundreds As Part of Broader Amazon Cost-Cutting

• Amazon's cloud unit, Amazon Web Services (AWS), is laying off hundreds of jobs to cut costs amid slowing revenue growth • Layoffs are targeting specific departments in AWS like sales, marketing, and global services • Come after recent mass layoff of 27,000 Amazon employees across the company • Part of broader cost-cutting efforts including termination of workers at Twitch, Audible, Prime Video • Wall Street analysts remain bullish on Amazon stock with unanimous Buy ratings and 15% upside forecast