![]() ![]() At the same time we built out a transportation network for last mile, roughly the size of UPS, in a couple of years. "We took a fulfillment center footprint that we built over 25 years and doubled it in just a couple of years.The big picture: Last year was the first full calendar year of Amazon under Jassy, who led the company to close physical bookstores, slow warehouse openings and cut its Amazon Care telehealth unit. The more than 18,000 people impacted by job cuts have already been notified, and while not all have left, the company booked the cost of the adjustments - severance charges of $640 million - in the fourth quarter because that's when the decision was made. ![]() Prior to his comments, Amazon released financial results for its Q4 2022 period showing a continued slowdown in its main e-commerce and cloud businesses, as well as the cost of its massive layoffs and investment in Rivian.īy the numbers: The company ended the year with 1.54 million workers, 4% fewer than at the end of 2021.long-term strategic investments," CEO Andy Jassy said on a call with analysts on Thursday evening. State of play: The tech and logistics giant will stay on the cost-cutting course it started last year as the anomalous and massively beneficial economic conditions for its business created by the pandemic dissipate.ĭriving the news: "We're working really hard to streamline our costs and trying to do so at the same time that we don't give up on. ![]()
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