Market News / Story
Amazon's Efficiency Drive Enters New Phase
GuruFocus ·
GuruFocus reports: Amazon has confirmed a fresh round of corporate layoffs affecting fewer than 1,000 employees, primarily inside its Stores division, extending the company's broader push to streamline operations after years of aggressive pandemic-era hiring. The cuts are small relative to Amazon's total workforce, but they reinforce management's focus on efficiency inside its core e-commerce business. The Stores division oversees Amazon's main retail operations and includes functions tied…