Amazon confirmed the layoffs of about 200 employees in its North America Stores division. The layoffs include roles in fashion, fitness, and other areas. The stores division includes private label brands, Prime membership, and consumables. The company stated that restructuring aims to align with priorities and offer supporting affected employees during the transition. Since 2022, Amazon CEO Andy Jassy has overseen cost-cutting measures, eliminating approximately 27,000 jobs across various divisions and scaling back experimental ventures.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Amazon confirmed layoffs of about 200 employees in its North America stores division.
00:06The layoffs include roles in fashion, fitness, and other areas.
00:09The stores division includes private label brands, prime membership, and consumables.
00:14The company stated that restructuring aims to align with priorities,
00:17offering support to affected employees during the transition.
00:21Since 2022, Amazon CEO Andy Jassy has overseen cost-cutting measures,
00:26eliminating approximately 27,000 jobs across various divisions,
00:30and scaling back experimental ventures.
00:32For all things money, visit Benzinga.com slash GSTV.