NewsWSJ: Amazon has launched a cost-cutting review focused on unprofitable business units

November 10, 2022by 0

THE WALL STREET JOURNAL reports:
“Review takes a close look at devices unit, which includes Alexa and has had an annual operating loss of $5 billion in some recent years, documents show”
Amazon Chief Executive Andy Jassy is leading a cost-cutting review of the tech giant and paring back on businesses at the company that haven’t been profitable, according to people familiar with the matter.
The Seattle-based company, whose stock is down about …

The post WSJ: Amazon has launched a cost-cutting review focused on unprofitable business units appeared first on The Loadstar.

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