Amazon’s post-pandemic slump continued during the second quarter, as the e-commerce giant grappled with productivity challenges in its sprawling workforce, a costly space glut and sagging consumer demand. But because net sales came in at the high end of Amazon’s conservative forecasts investors seemed buoyed by the news, bidding its stock up 12% in after-hours trading. Revenue growth of 33% in...
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Amazon Takes Its Time Delivering Second Round of Job Cuts

Amazon is in the lead! The e-commerce behemoth has moved ahead of Alphabet in the contest to win this year’s IBM Cup, awarded occasionally to the most bureaucratic and slow-moving big tech company around. That’s one takeaway from Amazon CEO Andy Jassy’s explanation today for cutting another 9,000 jobs, on top of the 18,000 layoffs already announced. Jassy said in November the job cuts flowed...
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