Amazon Books Loss, Announces Job Cuts
Amazon.com (AMZN ) posted a $0.25 4Q loss vs. a $0.55 loss (pro forma) on a 44% sales rise. The on-line retailer says it will close some distribution centers and cut its overall workforce by 15%. Amazon expects its Q1 operating loss to decrease year-over-year between 10%-13% of net sales.
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