Amazon’s CEO Andy Jassy has a new buddy tagging along on all his calls—otherwise known as a shadow advisor. And in this case Alex Dunlap is Jassy’s newly-appointed “shadow,” according to internal org charts as viewed by Business Insider.
Canada has warned Amazon.com that it is reviewing business ties with the company’s cloud-computing unit following Amazon’s decision to shut down its warehouses in Quebec, leading to the layoff of 1,700 workers.
This time, the CEO picked a 17-year AWS veteran who has experience with business applications.
Amazon workers shared complaints of packed parking lots, not enough desks or meeting rooms, office theft, poor hygiene from co-workers and excess traffic.
Analyst Laura Martin of Needham maintained a Buy rating on Amazon (AMZN – Research Report), retaining the price target of $250.00.Invest with
We’re always looking at our team structures to ensure we’re best set up to move fast as we innovate for customers,” an Amazon rep told The Post.
The cuts are focused in Amazon’s core retail unit, which spans a wide range of businesses, including fashion and fitness, Prime and private label brands.
Amazon has reported a very high operating margin in AWS for the last three quarters, which has helped boost the overall operating income and EPS. Read more here.
Amazon is discontinuing a service that let Prime members try on clothes, shoes and accessories, and only pay for the items they want to keep.
Amazon appoints Alex Dunlap, a 17-year AWS veteran, as new shadow advisor to CEO Andy Jassy. This role, which previously groomed Jassy himself, indicates Dunlap's potential for future leadership.
Wall Street analysts are optimistic about Amazon's earnings season. Needham analyst reiterates Buy rating & $250 target, while BofA maintains Buy with $255 target. Former employees share insights on Amazon's culture & CEO Jassy's leadership.
Amazon has acknowledged that it is cutting off about 200 workers in its North America retail division. TakeAway Points: Amazon acknowledged that it is laying off roughly 200 workers in its North America retail division.