Even as Amazon sheds thousands of employees, one analyst says the online retailer will need to cut even more to lift up margins in its ecommerce business. Read More...
Even as Amazon.com Inc. sheds thousands of employees, analysts say the online retailer will need to cut even more to lift up margins in its ecommerce business, as profitability per corporate employee lags behind its Big-Tech peers.
“Following our deep dive into AMZN expenses, we believe more layoffs are necessary for eCommerce to become meaningfully profitable,” Oppenheimer analysts said in a research note on Thursday.
They…
