Tag Archives: Amazon

Amazon (AMZN) is preparing to lay off roughly 10,000 employees as soon as this week, The New York Times reported on Monday, citing unnamed sources familiar with the matter. The layoffs come as the tech industry continues to struggle amid a slowing economy, rising interest rates, and stubborn inflation. Facebook parent Meta and Twitter also laid off thousands of employees this month. The layoffs will impact Amazon’s Alexa business, as well as the company’s retail and human resources… Source link

(Reuters) -Amazon.com Inc is undertaking a review of its unprofitable businesses, including the devices unit that houses voice assistant Alexa, to cut costs, the Wall Street Journal reported on Thursday, sending its shares up 11%. Following a months-long review, Amazon has told employees in some unprofitable units to look for jobs elsewhere in the company, while moving to redeploy staff from certain teams to more profitable areas and closing teams in areas such as robotics and retail, the WSJ… Source link

New York City’s new pay transparency law went into effect on Nov. 1, which means that jobseekers — and anyone else who’s curious — can find out how much money some of the top companies in the world are offering their employees. Under the law, businesses hiring in New York City must publish “good faith” salary ranges that include minimum and maximum pay for all job postings, promotions and transfer opportunities. If a company doesn’t have their ranges listed and they’re reported, they’ll… Source link

  U.S. stocks elbowed their way past an earnings miss from Amazon to charge higher Friday, boosted by an Apple beat that helped offset some concerns from a a rough week of third-quarter Big Tech results. The S&P 500 (^GSPC) gained 1.6%, while the Dow Jones Industrial Average (^DJI) bounced nearly 600 points, or 1.8%. The tech-heavy Nasdaq Composite (^IXI) rose 1.7%. The moves came as Treasury yields charged back above 4%. On the economic data front, the Federal Reserve’s preferred inflation… Source link

Amazon (AMZN) shares tanked nearly 20% in after-hours trading on Thursday after it reported misses on revenue and sales for its Amazon Web Services cloud business, along with disappointing fourth-quarter guidance. Here’s what came down from the e-commerce giant after the bell: Revenue: $127.1 billion actual versus $127.63 billion expected Adjusted Earnings Per Share (EPS): 28 cents actual versus 22 cents expected Amazon Web Services (AWS) Net Sales: $20.5 billion actual versus $21 billion… Source link

Amazon says over half a dozen hardware vendors have indicated that they cannot enter into a TV manufacturing relationship with the e-commerce group over fear of retaliation from Google, escalating tension with the search giant with whom it competes on several businesses. The revelation, officially shared by Amazon for the first time, was made by the company’s unit in India to the Competition Commission of India as part the antitrust watchdog’s years-long… Source link

The probe will focus on so-called “hyperscalers” like Amazon Web Services and Microsoft Azure, which let businesses access computing power and data storage from remote servers. Chesnot | Getty Images British media regulator Ofcom is investigating Amazon, Microsoft and Google’s tight grip on the cloud computing industry. In the coming weeks, the watchdog will launch a study to examine the position of firms offering public cloud infrastructure and whether they pose any barriers to competition. Its… Source link

Your Thursday Night Football viewing experience is about to change. Amazon Prime – the streaming service arm of the Jeff Bezos’ retailing behemoth – begins streaming Thursday night NFL games with tonight’s Chargers-Chiefs tilt in Kansas City and will continue to for the next four months. Although fans in local markets will be able to watch over the air on T.V. – in tonight’s case Los Angeles and Kansas City – out of market fans will need an Amazon Prime Video subscription ($8.99… Source link

A 3D medical illustration of femur bones in the leg.Getty/yodiyim Workers from Google, Microsoft, Amazon, and Meta are paying $75,000 to be taller, a surgeon told GQ. The Las Vegas surgeon can lengthen patients’ legs via a painful months-long process. He breaks the thigh bones and inserts nails that are extended every day for three months. A Las Vegas cosmetic surgeon specializes in leg-lengthening procedures that can grow people’s height by 3 to 6 inches, as a new GQ profile said. Many of his… Source link

Workers said they worry that tech from Google and Amazon could be used to surveil Palestinians. Richard Nieva Hundreds of Google and Amazon workers on Thursday staged protests around the country to speak out against the two tech giants’ cloud contracts with the Israeli government, fearing the military could use the technology to surveil Palestinians. The demonstration stretched across four U.S. cities — San Francisco, New York, Seattle and Durham, North Carolina — as workers… Source link