Stay updated with breaking news from Devices Services. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
With Amazon Alexa reportedly responsible for $10 billion in expenses in 2022, teams working on the smart speaker are expected to see mass layoffs as a major cost-saving measure.
Amazon will continue to engage in buyouts and layoffs next year, according to CEO Andy Jassy.
In the first quarter of this year, the "Worldwide Digital" unit of Amazon's business, which includes Echo and Alexa, had a $3 billion operating loss.
Amazon's mounting losses and massive job cuts underscore a failure in the hardware business model the company once pioneered.
Amazon CEO Andy Jassy said the company will continue to layoff workers into the new year in a memo sent around Thursday.