Amazon has announced further job cuts, this time targeting its core retail unit. The cuts, aimed at streamlining operations and prioritizing key initiatives, impact various departments including fashion, fitness, Prime, and private label brands.
Amazon has announced further job cuts within its core retail unit, impacting a number of departments including fashion, fitness, Prime, and private label brands. This move signifies an ongoing effort by CEO Andy Jassy to reduce costs, following a wave of layoffs in 2022 and 2023 that collectively resulted in the elimination of approximately 27,000 positions.
The company states that these adjustments are aimed at streamlining operations and prioritizing key initiatives within the North America Stores team. \While the exact number of jobs affected remains undisclosed, Amazon emphasizes its commitment to supporting impacted employees through their transition. The spokesperson highlighted the company's belief that these structural changes will ultimately enhance its ability to deliver on its core objectives. The latest round of job cuts follows a pattern of cost-containment measures implemented by Amazon across its vast business portfolio, with layoffs affecting nearly every sector since the beginning of 2022. \Jassy's cost-cutting strategy, initiated in 2022, has been characterized as the most extensive layoff program in Amazon's history. The recent cuts in the retail division demonstrate a continued focus on efficiency and profitability amidst evolving economic conditions and increasing competition within the e-commerce landscape
AMAZON LAYOFFS RETAIL COST-CUTTING OPERATIONS
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