Amazon is looking for ways to cut costs
November 11, 2022
Amazon.com is going through a review of its unprofitable businesses to see where it can make cuts. The company has begun reducing the number of teams it operates in units such as retail and robotics. “Experimentation and running with too many things that don’t generate a return is no longer a luxury Amazon can afford,” said GlobalData analyst Neil Saunders.
Recent News
LVMH Is Creating Luxury Cityscapes Around Its Designer Stores
LVMH is transforming older neighborhoods worldwide into upscale plazas and shopping hubs.
NHTSA Investigates Tesla Autopilot Again After Recent Software Update
Tesla Autopilot is once again the subject of an NHTSA investigation.
Home Depot Holds Halfway to Halloween Sale: Skelly’s Back
It’s halfway to spooky season, and Home Depot is celebrating.
Kaiser Discloses Health Insurance Data Breach
Health insurance company Kaiser is notifying millions of its current and former members about a data breach. The breach occurred when Kaiser shared patients’ information with third-party advertisers like Google, Microsoft, and X (formerly Twitter).