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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,…