Amazon (NASDAQ: AMZN) is limping into 2023, and it's probably eager to turn the page on a new chapter. It's lost nearly $8 billion in its e-commerce-focused businesses through the first three quarters of 2022, and it announced the first major layoffs in the company's history, including 10,000 from its corporate workforce. Among the divisions especially targeted is Alexa, because Amazon is reportedly losing $10 billion a year on this voice-activated technology. Read More...
Amazon (NASDAQ: AMZN) is limping into 2023, and it’s probably eager to turn the page on a new chapter. It’s lost nearly $8 billion in its e-commerce-focused businesses through the first three quarters of 2022, and it announced the first major layoffs in the company’s history, including 10,000 from its corporate workforce. Among the divisions especially targeted is Alexa, because Amazon is reportedly losing $10 billion a year on this voice-activated technology.
