TECH - Amazon's Strategic Real Estate Plan to Reduce Vacancy Rate and Enhance Workspace Efficiency | Benzinga
Amazon.Com Inc (NASDAQ:AMZN) is implementing a strategy to cut $1.3 billion in costs by significantly reducing its office space and opting out of leases early.
Amid ongoing efforts to slash expenses, the tech and e-commerce behemoth aims to utilize its corporate space better, addressing a notable unused portion.
An anonymous insider and a confidential document back the cost-saving initiative, Commercial Observer reports.
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Amazon spokesperson Brad Glasser clarified the company’s stance, stating that real estate decisions are made to enhance collaboration, adjust to space needs, and correct for excess capacity.
He emphasized that these ...