WSJ: CMA CGM’s Saadé urges calm as ocean carrier profits plummet
THE WALL STREET JOURNAL reports: Rodolphe Saadé, the billionaire chief executive of French container line CMA ...
© Alexey Novikov
THE WALL STREET JOURNAL reports:
“Review takes a close look at devices unit, which includes Alexa and has had an annual operating loss of $5 billion in some recent years, documents show”
Amazon Chief Executive Andy Jassy is leading a cost-cutting review of the tech giant and paring back on businesses at the company that haven’t been profitable, according to people familiar with the matter.
The Seattle-based company, whose stock is down about 45% year to date, has been experiencing a slowdown in its core retail business as it tries to manage costs from its logistics network. Other technology companies have been making cuts to better navigate a potential recessionary environment. This week, Facebook parent Meta Platforms Inc. said it would cut more than 11,000 workers, or 13% of staff…
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