Amazon cuts fewer than 1,000 jobs as Amazon.com stock trades at EUR 231.18
Published on 10/08/2026 at 17:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Amazon had cut fewer than 1,000 white-collar jobs, mainly in its Stores unit, according to Reuters on October 7, 2026.
- Second-quarter revenue reached USD 200.61 billion on July 30, 2026, up 19.60 percent year over year.
- Lang & Schwarz quoted Amazon.com stock at EUR 231.18 on October 8, 2026 at 4:46 p.m. CEST, down 0.41 percent versus EUR 232.13.
- Rosenblatt raised its target from USD 335.00 to USD 360.00 and retained its Buy rating on September 30, 2026.
Amazon.com Inc. (ISIN US0231351067) had cut fewer than 1,000 white-collar jobs, mainly in its Stores unit, while Amazon.com stock was trading at EUR 231.18 at Lang & Schwarz on October 8, 2026 at 4:46 p.m. CEST, down 0.41 percent versus the prior close of EUR 232.13. Reuters reported the workforce reduction on October 7, 2026.
Three dated developments
On July 30, 2026, Amazon reported second-quarter revenue of USD 200.61 billion, up 19.60 percent year over year, while AWS revenue rose 37.00 percent to USD 42.23 billion, according to Yahoo Finance.
On September 30, 2026, Rosenblatt raised its Amazon price target from USD 335.00 to USD 360.00 and kept its Buy rating, as Yahoo Finance reported. On October 7, 2026, Amazon confirmed the Stores restructuring and fewer than 1,000 job cuts, according to Reuters.
What do the cuts mean for retail?
The affected areas included customer service and selling partner services, with employees in the United States, India and the United Kingdom among those receiving notices. Reuters also linked the latest reduction to an earlier restructuring involving 30,000 jobs that began in 2025 and continued into January 2026.
The financial backdrop is considerably larger than the workforce figure. Amazon generated USD 27.46 billion in operating profit and USD 62.66 billion in net income in the second quarter of 2026, while the USD 53.40 billion one-time gain tied largely to Anthropic was included in net income, according to Yahoo Finance. That contrast leaves operating efficiency and investment intensity as key measures for the next report.
Next earnings date is October 29
Amazon's next reported earnings are expected on October 29, 2026, according to Analytics Insight. The company guided third-quarter sales to USD 197.00 billion to USD 202.00 billion, giving investors a defined range against the USD 200.61 billion second-quarter revenue figure.
Amazon stock remains below its yearly high
The Lang & Schwarz euro quote stood at EUR 231.18 on October 8, 2026 at 4:46 p.m. CEST, down 0.41 percent from the EUR 232.13 prior close dated October 7, 2026. On Nasdaq, Amazon was last quoted at USD 258.48 on October 8, 2026 at 10:59 a.m. ET; its 52-week range was USD 196.00 to USD 287.20, and market capitalization was USD 2.8 trillion as of October 8, 2026.
The further course of trading is shown by the continuously updated real-time quote of Amazon.com stock.
Amazon.com stock facts
- Company: Amazon.com, Inc.
- ISIN: US0231351067
- Ticker: AMZN
- Primary exchange: NASDAQ
- Price Lang & Schwarz (as of October 8, 2026, 4:46 p.m. CEST): EUR 231.18
- Change versus prior close: minus 0.41 percent
- Prior close Lang & Schwarz (October 7, 2026): EUR 232.13
- Market capitalization: USD 2.8 trillion (as of October 8, 2026)
- 52-week range: USD 196.00-287.20 (as of October 8, 2026)
- Sector / Industry: Consumer Cyclical / Specialty Retail
- Index membership: S&P 500
- Next earnings date: October 29, 2026
Market context: Market report S&P 500.
