Earnings report is really dismal - prolonged negative cash flow, revenue below expectations, short-term expense increase for severance payments. No improvement in laggard physical stores.
Amazon just finished round 4 of AWS and PXT layoffs. ProServ and some Service teams hit really bad - 3rd party vendors/consulting agencies/ISV's are taking over!
There will be more layoffs are announced soon, while investors seek profitability and positive cash flow. There was also talk about spinning off the AWS and possibly ads business units, but that won't be easy.
No better time to look for another job, especially if your tenure is >2 years, comp is hosed 30%+ with an insulting raise, and you're forced into RTO.