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Amazon ‘looking at every nook and cranny’ to improve efficiencies, analyst says
Amazon’s (AMZN) at a crossroads. After years of no-expense-spared growth, the company’s slashing costs wherever it can, CFRA Research Senior Equity Analyst Arun Sundaram told Yahoo Finance Live on Tuesday. Under CEO Andy Jassy’s leadership, “The strategy is really changing,” Sundaram said. “It previously was a ‘grow at all costs’ model and now the strategy has shifted to a ‘grow at a more profitable rate model,’ and that’s exactly what we’re seeing today.” Amazon revealed a new round of layoffs this week, cuts set to affect 9,000 of the company’s employees. That brings Amazon’s total layoff count from the last few months to 27,000, about 8{9f99fe44fce1aa3c813d0a0ce4da2fbea8a5a58e9d85c4a2927dd8140cb676b5} of its corporate workforce,…
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Amazon Is a Value Stock in Topsy-Turvy New World of Investing
(Bloomberg) — The demise of the low cost-revenue era is redrawing Corporate America’s earnings map — upending a decade of Wall Avenue knowledge more than which stocks are the discount buys or the significant fliers of tomorrow. Most Read from Bloomberg As Significant Tech grapples with a slowdown in income and a new commodity cycle rages, Faang members Amazon.com Inc. and Netflix Inc. are quickly morphing into benefit stocks when Exxon Mobil Corp. attains the coveted expansion-equity halo. With all bets off on the inflation-lashed financial trajectory, absent are the times when the tech mega caps quickly tumble into the classification of fast-escalating corporations though oil shares trade at inexpensive…
