Amazon's Devices Chief Dave Limp to Retire in Latest Executive Departure

David Limp, the head of Amazon's consumer devices division, is stepping down later this year after more than 13 years in the role. This move comes as Amazon's bets on the smart home market have reportedly not paid off as expected, with the division operating at a $5 billion annual revenue loss. Amazon has been implementing cost-cutting measures, including layoffs, and CEO Andy Jassy has emphasized the company's commitment to consumer hardware and the Echo line. Limp will remain in his role for a few more months, and his successor will be announced soon.