Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. REUTERS/Mike Segar/File Photois reviewing unprofitable business units, including the devices division that houses its voice assistant Alexa, to cut costs, the Wall Street Journal reported on Thursday, sending the e-commerce company's shares up 11%.
Amazon has closed teams in areas such as robotics and retail, the report added. The devices unit had an operating loss of more than $5 billion a year, WSJ reported citing documents.
They gotta recoup the billion dollars on LOTR lol
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WSJ News Exclusive | Amazon Has Launched a Cost-Cutting Review Focused on Unprofitable Business UnitsCEO Andy Jassy is leading the review including the devices unit, which includes Alexa and has had an annual operating loss of $5 billion in some recent years, documents show. News flash: Scientific study finds that corrugated cardboard boxes pose a serious health risk. The tech pull-back continues $TWTR, $META, $AMZN, who next?
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WSJ News Exclusive | Meta’s Mark Zuckerberg Says He Is Accountable as Company Preps for Mass LayoffsBreaking: Mark Zuckerberg said Meta layoffs will start Wednesday, telling executives he was overoptimistic about growth, people familiar with the matter say He should lay himself off for this huge Meta sized black hole and let the rest of the company run itself Zuck is following Elon's financial advisor В. ГАЙФУЛЛИН, ПУТИНУ: ЭТО ПРАВИТЕЛЬСТВО КАК БЛОХИ НА ДОХЛОЙ КОШКЕ
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