Close Menu
  • Homepage
  • Local News
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
  • Business
  • Technology
  • Health
  • Lifestyle
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
Facebook X (Twitter) Instagram Pinterest
JHB NewsJHB News
  • Local
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
Let’s Fight Corruption
JHB NewsJHB News
Home»Business»Amazon to close ‘unprofitable’ divisions: Report
Business

Amazon to close ‘unprofitable’ divisions: Report

November 13, 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

After layoffs in each Twitter and Meta, staff of one more firm might get the sack within the coming days. In response to The Wall Road Journal, Amazon CEO Andy Jassy has initiated a cost-cutting overview of the tech big, and sure ‘unprofitable’ divisions could be suspended or closed.

One of many divisions being ‘carefully evaluated’ is the Alexa enterprise unit, the report mentioned, quoting folks acquainted with the developments. The enterprise unit, liable for the Alexa voice assistant, employs greater than 10,000 folks, and is a serious recipient of the funding capital.

Nevertheless, in recent times, the Seattle-headquartered firm’s units unit, which incorporates Alexa, has seen an working lack of greater than $5 billion a 12 months, the report mentioned, citing inside paperwork of the Jeff Bezos-founded firm.

“Amazon is optimistic about Alexa’s future in the present day, as we have ever been, and it stays an essential enterprise and space of funding for Amazon,” a spokesperson instructed The Wall Road Journal.

In the meantime, Jamie Zhang, a software program engineer with the Robotics AI division of the world’s largest e-commerce agency, mentioned the complete robotics staff was laid off.

“My 1.5 years at Amazon Robotics AI got here to an finish in a shocking layoff (our complete robotics staff was gone!). For the brand new chapter, I’m open to each native (CO) and US distant alternatives. Referral and direct messages are most welcome!” Zhang’s LinkedIn put up learn.

Jamie Zhang's LinkedIn post
Jamie Zhang’s LinkedIn put up

Final week, staff have been knowledgeable by means of an inside memo that the corporate would freeze hiring in its company workforce to cope with an ‘uncommon macro-economic atmosphere.’

Source link

Amazon close divisions report unprofitable
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Markets decline in early trade dragged by IT stocks, weak Asian trends | Business News

May 19, 2025

Power demand in May dips slightly as weather brings relief to grid managers

May 19, 2025

30,000 Secretly Grown Marijuana Plants Destroyed In Turkey: Report

May 19, 2025

In need of extensive repairs after Indian airstrikes, Pakistan’s Rahim Yar Khan airbase runway closure extended till June 6 | Business News

May 18, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

A Democratic Fighter Diagnosed With Prostate Cancer

May 19, 2025

Markets decline in early trade dragged by IT stocks, weak Asian trends | Business News

May 19, 2025

Scientists say asteroid ‘Vesta’ might be a piece of a planet that no longer exists | Technology News

May 19, 2025

Trump tariff uncertainty still makes earnings estimates and guidance useless

May 19, 2025
Popular Post

Britain urges banks to offer mortgage flexibility in cost-of-living crisis

Conservative Pundit Reality Checks Trump Fans With ‘Brute Fact’ About Debate

Hard work feels worth it, but only after it’s done – new research on how people value effort | Lifestyle News

Subscribe to Updates

Get the latest news from JHB News about Bangalore, Worlds, Entertainment and more.

JHB News
Facebook X (Twitter) Instagram Pinterest
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
© 2025 Jhb.news - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.