Latest Amazon.com Inc News

Tech industry job cuts come rapidly and in big numbers

Jan. 31, 2023 16:31 PM EST

In just the past month there have been nearly 50,000 job cuts across the technology sector. Large and small tech companies went on a hiring spree in over the past several years due to a demand for their products, software and services surged with millions of people working remotely. However, even...

Penguin Random House US CEO Madeline McIntosh to step down

Jan. 31, 2023 14:21 PM EST

NEW YORK (AP) — One of Penguin Random House's top executives, U.S. CEO Madeline McIntosh, is stepping down. Her decision comes just weeks after the resignation of the global CEO, Markus Dohle, and the retirement of Random House Publishing Group head Gina Centrello. The departures...

Amazon axes free grocery delivery on Prime orders under $150

Jan. 27, 2023 18:26 PM EST

NEW YORK (AP) — Amazon is axing free grocery delivery for Prime members on orders less than $150. Customers who get their groceries delivered from Amazon Fresh -- and pay less than $150 — will be charged between $3.95 and $9.95, depending on the order size, the company said in...

Adani mulls suing US short-seller as shares sink up to 20%

Jan. 27, 2023 06:36 AM EST

NEW DELHI (AP) — Shares in India’s Adani Group plunged up to 20% on Friday and the company said it was considering legal action against U.S.-based short-selling firm Hindenburg Research for allegations of stock market manipulation and accounting fraud that have led investors to dump its stocks....

SAP to cut up to 3,000 jobs worldwide, mulls Qualtrics sale

Jan. 26, 2023 04:11 AM EST

BERLIN (AP) — SAP said Thursday that it is cutting up to 3,000 jobs worldwide, or about 2.5% of its workforce, after a sharp drop in profits at Europe’s biggest software company. It comes amid a broader wave of job cuts in the technology industry, including mass layoffs at...

AmazonSmile's end is alarming, say nonprofits that benefited

Jan. 25, 2023 12:25 PM EST

Amazon's surprise decision to shut down its AmazonSmile donation program has left thousands of its nonprofit beneficiaries disappointed and concerned about finding ways to replace the funding. The e-commerce giant had launched AmazonSmile in 2013, contributing 0.5% of every purchase...

Amazon workers hold first UK strike, adding to labor turmoil

Jan. 25, 2023 07:59 AM EST

LONDON (AP) — Amazon warehouse workers went on strike for the first time in Britain on Wednesday because of a dispute over pay and working conditions, adding to a wave of industrial labor action across the country fueled by the soaring cost of living. Union members voted to walk...

Microsoft, amid layoffs, says quarterly profit declined 12%

Jan. 24, 2023 17:17 PM EST

REDMOND, Wash. (AP) — Microsoft on Tuesday reported a 12% drop in profit for the October-December quarter, reflecting the economic uncertainty it said led to its decision to cut 10,000 workers. The company reported quarterly profit of $16.43 billion, or $2.20 per share. ...

Amazon launches a subscription prescription drug service

Jan. 24, 2023 04:51 AM EST

Amazon is adding a prescription drug discount program to its growing health care business. The retail giant said Tuesday that it will launch RxPass, a subscription service for customers who have Prime memberships. Amazon said people will pay $5 a month to fill as many prescriptions...

Spotify latest tech name to cut jobs, axes 6% of workforce

Jan. 23, 2023 11:35 AM EST

LONDON (AP) — Music streaming service Spotify said Monday it's cutting 6% of its global workforce, or about 600 jobs, becoming yet another tech company forced to rethink its pandemic-era expansion as the economic outlook weakens. CEO Daniel Ek announced the restructuring in a...