CNBC reports:


Amazon CEO Andy Jassy on Thursday published his annual shareholder letter where he reflected on one of the most challenging periods in the e-retailer’s history, and signaled he remains confident that recent cost-cutting efforts will pay off.

Jassy said he’s spent the last several months taking a “deep look across the company, business by business” to examine whether each unit has the ability to generate enough revenue, operating income, free cash flow and return on invested capital.

As part of the belt-tightening ...

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