CEO Parag Agrawal, chief financial officer Ned Segal, general counsel Sean Edgett and Vijaya Gadde, head of legal policy, trust, and safety, have reportedly been pushed out.
AWS, the dominant cloud provider, has maintained a more steady pace of sales growth than its rivals, but now it, too, is feeling the macroeconomic headwinds.
Amazon’s stock plummeted as much as 20% in after-hours trading after posting weak growth for the third quarter and providing a bleak outlook for the holidays.