Amazon lays off about 200 employees in its stores unit
Publishing timestamp: 2025-01-16 20:11:21
Summary
Amazon is laying off about 200 employees in its North America stores unit as part of cost-cutting measures initiated by CEO Andy Jassy since 2022. The layoffs are focused on the core retail unit, which includes various businesses such as fashion, fitness, Prime, and private label brands. The company has also shut down some experimental initiatives.
Sentiment: NEGATIVE
Tickers: AMZN,
Keywords: breaking news: technology, amazon.com inc, technology, business news, internet,
Source: https://www.cnbc.com/2025/01/16/amazon-lays-off-about-200-employees-in-its-stores-unit.html