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Amazon conducts review on loss-making divisions as it slashes costs

November 11, 2022

Via: Charged
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Amazon is under the process of reviewing some of its loss-making divisions as it continues on its path of cutting costs.

Amazon is under the process of reviewing some of its loss-making divisions as it continues on its path of cutting costs.

The review is being personally overseen by company chief executive Andy Jassy and includes the examination of the Alexa voice assistant unit, two people familiar with the matter told the Financial Times.

Amazon has recently come under scrutiny from investors as inflation and interest rates soar and its share price having fallen by more than 40% so far this year.

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