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Amazon CEO Andy Jassy says economy will test 'long term resolve' of companies

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Amazon CEO Andy Jassy said the company has been trying to 'streamline' costs while also trying to invest in areas they they believe will impact the company in the long term.

"In those cases, we either wound those down or slowed those down to streamline a little bit as part of that cost exercise," he added.

Shortly before the Times reported the pending layoffs, people Jassy began a cost-cutting review of the company, people familiar with the matter told the Wall Street Journal. Worker selects and packs items during Cyber Monday at the Amazon fulfillment center in Robbinsville Township in N.J., Nov. 28, 2022.Amazon had already warned employees in underperforming units to prepare to look for another job as the company makes cutbacks amid the uncertain economic environment, sources told the Journal.

Before that, the company even initiated a hiring freeze saying it wanted to "balance our hiring and investments with being

 

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Amazon built the largest warehouse I have ever seen on land they purchased from Opa-Locka airport. I use Amazon more than eBay now.

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