Amazon . com Inc. 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 45% year to date, has been experiencing a slowdown in its core retail business as it tries to manage costs from its logistics network. Other technology companies have been making cuts to better navigate a potential recessionary environment. This week, Facebook parent Meta Platforms Inc. said it would
The tech pull-back continues $TWTR, $META, $AMZN, who next?
News flash: Scientific study finds that corrugated cardboard boxes pose a serious health risk.
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: