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"As
we look toward 2024 (and beyond), we're not done lowering our
cost to serve. We've challenged every closely held belief in our
fulfillment network, and reevaluated every part of it, and found
several areas where we believe we can lower costs even further
while also delivering faster for customers," Jassy said in a
letter to shareholders on Thursday.
Shares of Amazon, which is also the world's leading cloud
computing services provider, were down about 1% in premarket
trading.
Over the past few months, the company has laid off hundreds of
staff in divisions including Amazon Web Services, Prime Video
service, healthcare business and Alexa voice assistant unit,
extending its massive job cuts over the past two years into
2024.
(Reporting by Yuvraj Malik in Bengaluru; Editing by Anil D'Silva)
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