Amazon's retail CEO Doug Herrington stated that the company needs to continue cutting costs to finance new growth opportunities. At a recent all-hands meeting, Herrington highlighted the importance of reducing the cost-to-serve metric, which measures the expense of fulfilling orders. He noted that past cost-cutting measures, including significant layoffs, have led to increased profits. Meanwhile, Amazon is heavily investing in AI data centers and logistics to enhance operational efficiency, projecting record capital expenditures for 2025.
"We have to keep reducing costs so that we can afford the big investments in big new businesses," Herrington said.
"Every single penny matters" was a central theme in Herrington's address, emphasizing the critical nature of cost management in achieving growth.
Collection
[
|
...
]