Amazon Freezes Hiring Levels in Profitable Advertising Business
- CFO said last week that company was ‘investing’ in ads unit
- E-commerce giant responds to slower pace of sales growth
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Amazon.com Inc. is freezing staffing levels in its profitable advertising business, according to a person familiar with the matter, showing that the world’s largest e-commerce company is taking more drastic measures to align expenses with slowing sales.
The headcount freeze was announced internally Tuesday, said the person, who asked not to be identified because the plans are private. Amazon will continue to fill vacancies in its advertising business, but won’t create any new positions, the person said.