Amazon launches cost-cut review, unprofitable businesses like Alexa hit

According to people familiar with the matter, US technology giant Amazon CEO Andy Jassy is leading the company's cost-cutting review and the company's unprofitable business. Downsizing, voice assistant Alexa, robotics, retail, and other sectors are affected. Some sources said the cost-cutting review will take several months. As part of this review, Amazon has told some unprofitable employees to look for work elsewhere in the company because the teams they work on are being suspended or shut down.

The US media pointed out that Amazon’s approach contrasts with the company’s large-scale expansion during the epidemic. From the end of 2019 to the end of 2021, Amazon hired more than 800,000 people, mostly in its hundreds of warehouses, to keep up with the surge in online orders.

During that time, Amazon also spent more than $10 billion acquiring a robotics equipment maker, a film and television studio, and a primary healthcare company. Amazon is continuing to invest in areas of business it sees as potential growth, such as healthcare..