in Tech

Shuttered businesses, canceled warehouses and hiring freezes: Amazon is having a wave of frugality under CEO Andy Jassy

999 Views

Shuttered businesses, canceled warehouses and hiring freezes: Amazon is having a wave of frugality under CEO Andy Jassy

Andy Jassy, CEO of Amazon and then CEO of Amazon Web Services, speaks at the WSJD Live conference in Laguna Beach, California, October 25, 2016.

Mike Blake | Reuters

Throughout its first 25 years as a public company, Amazon has operated under a singular mantra, often to the chagrin of Wall Street: growth is more important than profits.

Founder Jeff Bezos laid out that strategy in his

Read the full article

in 1997.

“We will continue to make…

Read the full post

Posted by Editor

LFW 2022: Kriti Sanon, Mrunal Thakur, Diana Penty steal the show on Day 1

LFW 2022: Kriti Sanon, Mrunal Thakur, Diana Penty steal the show on Day 1

Is MTV Cribs-era fashion making a comeback?