Tag: Andy Jassy

April 12, 2024 BY Elizabeth Anderson

Amazon To Continue Cutting Costs Despite Investments In AI

The firm recently faced economic challenges that tripped up its growth. In 2022, Amazon axed more than 27,000 jobs, the largest in the company’s history. These organisational moves are ongoing, and in 2024, the company trimmed its cloud computing, Prime Video, and Twitch segments. Jassy, who took over when Jeff Bezos stepped down in 2021,…

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E-commerce company Amazon 3Q preview
February 13, 2019 BY Valentina Kirilova

Will a recent survey persuade Amazon to expand its crypto footprint?

Is Amazon (NASDAQ:AMZN) considering a “Big Play” in Crypto-Land? As news begins to trickle in that high-tech giants like Google, Facebook (NASDAQ:FB), Samsung, and others have several efforts in the works to incorporate blockchain technology and possibly cryptocurrencies, as well, into their daily operating systems, speculation continues to mount as to what Amazon might be…

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