April 27, 2023
Over the last 6 months, Amazon has instituted layoffs across the organization totaling 27,000+ staff, shuttered non-strategic businesses, paused expansion of its fulfillment network and transportation capacity, and retrenched on its physical store grocery business, all in response to a weakening macroeconomic backdrop and a desire to improve profitability.
Investors have responded, bidding Amazon’s shares up 30% YTD prior to the earnings release, compared to the NASDAQ up 17%.
It’s been a bit tougher for 1P brands and 3P sellers as you’ve had to adapt to a lower overall growth opportunity on the account. Yet, there’s still ample opportunity as this quarter’s results reveal.
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