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https://www.wsj.com/articles/amazon-ceo-andy-jassy-commits-to-cost-cutting-tech-investments-in-shareholder-letter-5db72c9d

Amazon CEO Andy Jassy Commits to Cost-Cutting, Tech Investments in Shareholder Letter

Leaders says AWS faces headwinds as businesses, consumers pull back spending

Andy Jassy says Amazon remains confident in its plans to lower costs and build its retail business.Photo: Jordan Strauss/Associated Press
By Dean Seal

Amazon.com Inc. faced one of its “harder macroeconomic years in recent memory,” Chief Executive Andy Jassy said in his second annual letter to shareholders, as the company slashed 27,000 jobs and entered an unfamiliar period of reduced growth.

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.