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Amazon closes or abandons plans for dozens of warehouses as it goes from expansion mode to belt-tightening

Amazon.com, determined to reduce the size of its sprawling delivery operation amid slowing sales growth, has abandoned dozens of existing and planned

United statesNew yorkStaten islandAndy jassyMaria boschettiMarc wulfraatUnited parcel service incWalmart incNorth americaExecutive officer andy jassyUnited parcel service

Amazon s Quandary: Cutting Workers Without Fueling Labor Unrest

(Bloomberg) Amazon.com Inc., having added hundreds of thousands of workers during the pandemic, now faces a quandary: how to trim its workforce to match slowing e-commerce sales growth without fueling labor unrest and giving unions more ammunition.

New yorkUnited statesStaten islandTom forteAndy jassyBrian olsavskyJoe bidenBernie sandersDa davidson coUnited parcel service incFedex corpWalmart incUnited parcel serviceAmazon slumpsAnalysts cut targetsChief financial officer brian olsavsky

Amazon Projects Slower Growth, Raising Fears of Consumer Letdown

Amazon Projects Slower Growth, Raising Fears of Consumer Letdown
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New yorkUnited statesAndy jassyRivian automotive incWall streetExecutive officer andy jassyRivian automotive

Amazon falls, projects slower growth as online sales stall

Amazon.com Inc. projected sluggish second-quarter sales growth, as consumers reduce their online spending amid rising inflation and a return to pre-pandemic activities. The shares plunged about 10% in extended trading.

New yorkUnited statesAndy jassyBrian olsavskyAndrew lipsmanAmazon web servicesRivian automotive incMatt day bloomberg newsChief financial officer brian olsavskyExecutive officer andy jassyAmazon owned whole foods marketWeb servicesRivian automotiveE commerceStock exchange

Amazon Q3 2021 net income down almost two-fold, says financial report

Operating income decreased to $4.9 bln in the reporting period

Andy jassyExecutive officer andy jassy

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