Amazon reviewing unprofitable business units to cut costs

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 13.5%.

Following a months-long review, Amazon has told employees in some unprofitable units to look for jobs elsewhere in the company, the report said, citing people familiar with the matter.