KUALA LUMPUR, Jan 28 (Bernama) -- Bursa Malaysia snapped its five-day winning streak to close lower on Wednesday, as investors took profit following a cumulative gain of 4.25 per cent over the past five sessions, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 14.76 points or 0.83 per cent to 1,756.49 from Tuesday’s close of 1,771.25. The market bellwether opened 1.46 points lower at 1,769.79, marking the day’s high, and hit a low of 1,750.05 during the mid-afternoon session. Market breadth was negative with losers trouncing gainers 876 to 384, while 525 counters were unchanged, 964 untraded and 94 suspended. Turnover improved to 3.65 billion units worth RM4.41 billion from Tuesday's 3.58 billion units worth RM4.46 billion.
Why This Matters
Amazon employees expecting large-scale layoffs were rattled after a premature internal email hinted at further workforce reductions — reigniting concerns that cost-cutting at the tech giant is not over yet.
What Happened
Amazon.com Inc accidentally sent a layoff-related email and meeting invite before official communications were ready.
The email, titled “Project Dawn,” came from Colleen Aubrey, Amazon’s Senior Vice President.
It referenced “impacted colleagues” in:
United States
Canada
Costa Rica
A follow-up message from HR chief Beth Galetti was mentioned — but was never sent.
The scheduled meeting was later cancelled, adding to confusion and anxiety.
Key point: The email was sent prematurely, but confirmed layoffs are still expected.
Employee Reaction
The message spread rapidly across internal forums and Reddit.
Employees are actively speculating on:
Scale of the layoffs
Which teams will be affected
Timing of announcements
Morale has been hit as workers search for clarity amid silence from management.
What Amazon Said (So Far)
The email acknowledged the difficulty of restructuring:
“The decisions are difficult and made thoughtfully as we position our organization and AWS for future success.”
Amazon has not issued an official public response as of now.
Context: Layoffs Are Not New
In October, Amazon:
Cut 14,000 corporate roles
Shut down major parts of its video games division
Management previously warned that more job cuts could follow in 2026 as the company looks to “remove layers” and streamline operations.
Key point: This email incident reinforces expectations of further cost discipline.
Investor & Market Takeaway
Signals continued cost optimization, especially in corporate and AWS-related roles.
Workforce reductions may support margin improvement, but risk:
Employee morale
Talent retention
Execution in growth areas like cloud and AI
Investors should watch for official restructuring announcements and guidance updates.
Amazon accidentally sent a layoff email too early
Thousands of job cuts still expected
Employees rattled, management silent
Cost-cutting theme likely to persist into 2026
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