Amazon.com Inc is reviewing unprofitable business units, including the devices division that houses its voice assistant Alexa, to cut costs, the Wall Street Journal reported on Thursday, sending the e-commerce company's shares up 11%.
Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. REUTERS/Mike Segar/File Photois reviewing unprofitable business units, including the devices division that houses its voice assistant Alexa, to cut costs, the Wall Street Journal reported on Thursday, sending the e-commerce company's shares up 11%.
Amazon has closed teams in areas such as robotics and retail, the report added. The devices unit had an operating loss of more than $5 billion a year, WSJ reported citing documents.
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