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+19 +3
Amazon will lay off another 9,000 employees in the coming weeks
Amazon may not be done widening the scope of its layoffs. Amazon chief Andy Jassy has sent a memo to staff indicating the company will cut another 9,000 jobs in the "next few weeks." The reductions will primarily affect Twitch, advertising and cloud computing divisions like Amazon Web Services, according to the message. The CEO also warns that the final cuts aren't likely to be finalized until mid-to-late April, and that Amazon won't inform affected workers until that point.
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+19 +6
ChatGPT fuels AI-written books trend on Amazon
There were over 200 e-books in Amazon’s Kindle store as of mid-February listing ChatGPT as an author, but there is no requirement to disclose the use of AI.
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+22 +3
Amazon's Trickle-Down Monopoly
In this report, Moira Weigel tells the story of a group of hidden intermediaries who have played key roles in making Amazon one of the most powerful corporations in the world, while remaining mostly invisible to customers: third-party (3P) sellers.
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+16 +3
Amazon layoffs hit amid an increase in robot automation: what to know
Amazon maintains that employees and robots will continue to collaborate within its warehouses, however, according to specialists in robotics, the business may eventually be able to rely on robots to carry out much of the jobs that it currently delegates to human workers.
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+22 +3
‘Robots are treated better’: Amazon warehouse workers stage first-ever strike in the UK
Hundreds of Amazon workers are on strike in Britain. The walkout marks the first formal industrial action in the country for the U.S. tech giant. The 24-hour strike action began Wednesday a minute after midnight. Strikers are expected to picket outside the company’s site in Coventry in central England throughout the day.
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+28 +5
Federal prosecutors are investigating whether Amazon hid injury rates to fraudulently secure loans
Prosecutors for the Southern District of New York are investigating whether Amazon "engaged in a fraudulent scheme" to deceive lenders about injury rates at its warehouses in order to obtain credit, the Department of Justice said Wednesday. The investigation was announced on the same day federal workplace safety regulators filed four new citations against Amazon over hazards related to its pace of work, which inspectors found put workers at high risk for back, muscle, and joint injuries.
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+19 +2
Amazon is closing its AmazonSmile charity platform
Amazon is shutting down its AmazonSmile charity program next month. The closure coincides with a variety of cost-cutting efforts announced by the e-commerce giant that includes laying off thousands of employees.
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+16 +3
Amazon Begins Its Largest-Ever Layoffs: 18,000 People
Amazon.com Inc. is set to begin a round of layoffs ultimately affecting more than 18,000 employees in the largest job cull in its history, which it announced earlier this month. The cuts come as the retailer grapples with slowing online sales growth and braces for a possible recession affecting the spending power of its customers. The eliminations started last year and initially fell hardest on Amazon's Devices and Services group, which builds the Alexa digital assistant and Echo smart speakers. The latest round, scheduled to commence Wednesday, will mostly affect the retail division and human resources.
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+21 +3
'Stress, burnout, churn, and a cut-throat atmosphere': An internal Amazon study slams the company's culture.
The document, a copy of which was obtained by Insider, paints a grim view of the company's internal culture and stresses the urgency for change.
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+18 +2
Amazon Wants to Kill the Barcode
Exclusive: Amazon built a computer vision algorithm from scratch to identify products without barcodes to help robots ship products to you faster.
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+17 +3
Amazon to restart advertising on Twitter, Platfomer reporter says
Amazon.com Inc is planning to restart advertising on Twitter at about $100 million per year, pending some security tweaks to the social media company's ads platform, according to a Platformer reporter tweet on Saturday.
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+24 +3
The failure of Amazon's Alexa shows Microsoft was right to kill Cortana
Microsoft Cortana, we barely knew ye. 2023 is looking to be a rough year in tech, with layoffs already hitting various major companies as forecasts predict recession almost across the entire world. A combination of inflationary effects of money printing through the pandemic, Russia's war of aggression in Ukraine, and even China's COVID-Zero lockdown policies — are all contributing to a perfect economic storm hitting practically everyone.
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+14 +6
Amazon workers strike in the US and 30 other countries on Black Friday in global 'Make Amazon Pay' campaign
Black Friday kicks off the holiday shopping season. For Amazon, it's already off to a rocky start. Today, Amazon workers and activists are protesting to secure better working conditions across the globe. The campaign is led by Make Amazon Pay, a coalition of 70 trade unions and organizations including Greenpeace, Oxfam, and Amazon Workers International.
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+17 +2
Amazon to invest $1 billion yearly to produce movies for theaters
Yahoo Finance Live’s Akiko Fujita discusses reports that Amazon could soon invest $1 billion a year to produce movies for theaters.
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+25 +3
Amazon’s already greenlit an FTX miniseries
Though the real world impacts of FTX’s spectacular crash have yet to fully settle, Amazon’s reportedly moving forward with a miniseries about the bankrupt crypto exchange and its infamous former CEO Sam Bankman-Fried
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+4 +1
Amazon Orders Multiple Marvel-Sony Shows, Beginning With ‘Silk: Spider Society’ From ‘Walking Dead’ Alum Angela Kang
Amazon is officially moving forward with multiple live-action shows based on the Marvel characters controlled by Sony, Variety has learned. The first series under the deal will be “Silk: Spider Society,” which was developed by “The Walking Dead” showrunner Angela Kang along with “Spider-Man: Into the Spider-Verse” producers Phil Lord and Christopher Miller. Kang will serve as showrunner and executive producer on...
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+22 +3
Chokepoint Capitalism: why we'll all lose unless we stop Amazon, Spotify and other platforms squeezing cash from creators
Rebecca Giblin and Cory Doctorow’s new book reveals the tricks behind ‘Chokepoint Capitalism’ – how big corporations use low prices to lock in users and creators, while locking out real competition.
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+16 +5
Exclusive: Jeff Bezos says he will give most of his money to charity
Amazon founder Jeff Bezos plans to give away the majority of his $124 billion net worth during his lifetime, telling CNN in an exclusive interview he will devote the bulk of his wealth to fighting climate change and supporting people who can unify humanity in the face of deep social and political divisions.
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+18 +5
Mila Kunis Joins Over 200 Celebrities Calling on Amazon to Remove Antisemitic Film Touted by Kyrie Irving
Mila Kunis, Debra Messing and Mayim Bialik are among more than 200 celebrities and entertainment executives who have signed an open letter calling on Amazon and Barnes & Noble to remove the antisemitic documentary and book, “Hebrews to Negroes: Wake Up Black America,” from their respective platforms.
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+22 +4
Amazon is reportedly putting its Alexa personal-assistant division under review as it seeks to cut costs across unprofitable businesses
Looks like no one is safe in this economy, including Amazon's Alexa. Amazon is joining other tech giants like Meta, Twitter, and Microsoft and taking a long, hard look at its least profitable businesses, the Wall Street Journal reported Thursday. Amazon's stock has already plunged 45% this year compared to last year.
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