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Jim Cramer Bullish on Amazon (AMZN) Despite Layoffs, Highlights AI-Driven Efficiency

Jim Cramer Bullish on Amazon (AMZN) Despite Layoffs, Highlights AI-Driven Efficiency

Author:

Global Cryptocurrency

Published:

2025-10-29 06:35:02

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BTCCSquare news:

CNBC's Jim Cramer reaffirmed his confidence in Amazon (AMZN) as a long-term investment, citing the company's focus on profitability and AI innovation. The e-commerce giant's latest layoffs—potentially affecting 30,000 jobs—signal a strategic shift toward operational efficiency, with AI playing a pivotal role in streamlining workflows.

Cramer dismissed short-term concerns, emphasizing Amazon's history of reinvesting profits into growth initiatives rather than dividends. Executive Beth Galetti framed the workforce reductions as a MOVE to reduce bureaucracy, aligning with broader tech sector trends.

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