Amazon Retail CEO talks cost cutting, and his suggestion for all teams is that if you only …

Amazon’s retail chief executive Doug Herrington warns against one-sided cost-cutting measures, emphasizing the need for balanced innovation alongside efficiency drives at the e-commerce giant.

“My suggestion would be for all the teams that if you find yourself only doing cost reduction with no invention and innovation, or if you find yourself only working on innovation and not thinking at all about how to become more efficient, then you probably don’t have the right balance,” Herrington said during a recent internal all-hands meeting, according to Business Insider.