Wed, January 10, 2024 at 5:42 PM EST

In this article:

• BLK

  -0.27%

• AMZN

  +1.56%

Amazon (AMZN) and BlackRock (BLK) unveiled new rounds of job cuts on Wednesday, joining the wave of tech and financial giants moving to trim head counts. Amazon is notably laying off hundreds of staff members from Prime Video, MGM Studios, and Twitch.

Yahoo Finance's Josh Schafer, Pras Subramanian, and Madison Mills break down the details.