The Clap
Amazon (NASDAQ: AMZN) is looking to review its businesses to begin cost-cutting efforts.
The Deets
Amazon is looking to shift priorities to more profitable businesses, after informing customers in certain segments to look for a role elsewhere in the company.
One of the more notable businesses affected by the review will be the devices unit, the department responsible for Alexa.
So What
Amazon is looking at the business from a broad point of view, with the economy continuing to add pressure on the business.
Now What
Amazon has frozen hiring for the next few months, following in the footsteps of other tech behemoths like Meta and Alphabet.
