Popular now
Debenhams Group returns to growth amid PLT recovery

Debenhams Group returns to growth amid PLT recovery

Currys appoints Fredrik Tønnesen as Group CEO

Currys appoints Fredrik Tønnesen as Group CEO

Inditex sales rise 5.8% after strong start to summer trading

Inditex sales rise 5.8% after strong start to summer trading

Amazon to axe a further 9,000 jobs

Amazon to axe a further 9,000 jobs

On this episode of Talking Shop I’m joined by Alain Bejjani—former Group CEO of Middle East retail giant Majid Al Futtaim, and author of the definitive new book, NEXT: Leading Through the New Realities. Drawing on his childhood in war-torn Beirut, and his experience steering a $9.5bn dollar retail and lifestyle empire through a global pandemic, Alain brings an unmatched perspective on leadership under pressure. Today, we break down his crisis survival playbook for retailers operating in distress. We discuss why resilience must always outpace efficiency, the four assets a brand must protect at all costs, and how to turn macro-turmoil into a long-term direction that scales.

Register to get free articles

No spam Unsubscribe anytime

Want unlimited access? View Plans

Already have an account? Sign in

Amazon has plans to cut a further 9,000 jobs in the areas of cloud computing and advertising as a way to cut its expenses. 

The news came in the form of an announcement by CEO Andy Jassy that was shared with the e-retailer’s employees yesterday (20 March). 

However, Jassy did not specify which countries would be affected, but said the positions would be closed in the next few weeks. 

The firm already axed 18,000 jobs after Christmas, as the company’s sales have recently slowed down due to consumer discretionary spending being impacted by the cost-of-living crisis. 

Jassy said: “I remain very optimistic about the future and the myriad of opportunities we have, both in our largest businesses, Stores and AWS, and our newer customer experiences and businesses in which we’re investing.

“To those ultimately impacted by these reductions, I want to thank you for the work you have done on behalf of customers and the company. It’s never easy to say goodbye to our teammates, and you will be missed.” 

He added: “To those who will continue with us, I look forward to partnering with you as we make life easier for customers every day and relentlessly inventing to do so.”

Previous Post
New Look places 70 head office roles at risk

New Look places 70 head office roles at risk

Next Post
British Land hails £120m in gross capital activity amid acquisitions

British Land hails £120m in gross capital activity amid acquisitions