Amazon (AMZN) stock was largely unmoved on Tuesday following reports that one of its game development studios will lay off employees next year. According to these reports, staff at Glowmade, the developer of King of Meat, are set to be laid off at the start of 2026.
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King of Meat, a game published by Amazon Game Studios, is the catalyst for these layoffs. The game didn’t perform nearly as well as the company or developer had hoped. Insider reports suggest the game was targeting at least 100,000 concurrent players but was unable to steadily keep 1,000 concurrent players. For example, its concurrent Steam player count is 14 players as of this writing, and it hit an all-time peak of 320 on November 15, 2025.
Today’s news marks another loss for Amazon in the video game market. Despite the company’s best efforts, it has failed to gain a foothold in the space, leading to several layoffs over the last year. Interestingly, Amazon was trying to compete with Steam in the game marketplace, but it did such a bad job on this front that it wasn’t even considered a competitor.
Amazon Stock Movement Today
Amazon stock was up slightly on Tuesday, extending a 3.56% year-to-date rally. The stock has also increased 0.82% over the past 12 months. Amazon has been going through major changes over the last couple of years, as CEO Andy Jassy works to streamline its operations through layoffs and section closures.
Is Amazon Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Amazon is Strong Buy, based on 43 Buy and a single Hold rating over the past three months. With that comes an average AMZN stock price target of $295.63, representing a potential 29.67% upside for the shares.
