Amazon to review unprofitable business units in cost-cutting push

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 98%

Business News News

Business Business Latest News,Business Business Headlines

Company is taking ‘current macro environment’ into account, says spokeswoman for Irish business

However, the company, which opened its first Irish warehouse or “fulfilment centre” in Baldonnell Business Park in Dublin in September, said last year that the new facility would create 500 jobs, bringing its Irish headcount to 5,000.

“As part of this year’s review, we’re of course taking into account the current macro-environment and considering opportunities to optimise costs,” she said. She said the company also remains optimistic about the future of the Alexa product, which “remains an important part of the business and area of investment of Amazon”.

Poor performance by its core retail unit has led Amazon to backtrack on its aggressive logistics expansion plans. It has paused, or cancelled operating, at least 50 US warehouses, according to data from logistics analyst Marc Wulfraat. It has also reduced its workforce from a high of 1.62 million in March this year to 1.55 million at the end of September.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Wah wah

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Revenues top €6.6bn at Decathlon as company hires 50 new staff in IrelandFrench retailer reported after-tax profits of €65.7 million as it eyes up new Irish stores around the country
Source: businessposthq - 🏆 8. / 71 Read more »