Amazon Job Cuts Mean the End of Stores, Maybe Alexa/Echo

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The Street

By Daniel Kline The retailer has already closed its brick-and-mortar bookstores, and 4-Star stores, and now its grocery chain and voice assistant appear at risk. It’s no longer day one at Amazon (AMZN) – Get Free Report. The e-retail giant, which has always focused on the long term, not the next quarter’s earnings, has clearly dropped that philosophy. Chief Executive Andy Jassy hasn’t directly said that, but he has decided to gut the stores division, the group responsible for building out its brick-and-mortar presence. Amazon has also made major cuts in its People, Experience, and Technology, …

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