[ad_1] Amazon.com Inc shares fell nearly 5% on Friday after the company warned its lucrative cloud services business slowed further in April, fuelling concerns that the long-time growth driver was struggling with a pullback in technology spending.The company, one of the largest in the world by market capitalization, is on track to shed about $60 … Read more
[ad_1] Last Updated: April 27, 2023, 02:26 IST Amazon, which in March announced it was laying off 9,000 workers as part of its second retrenchment drive, started informing some of the affected employees on Wednesday. (File Photo) The company said it will stop supporting Halo services from July 31, and will fully refund Halo devices … Read more
[ad_1] New Delhi: Compared to his salary in 2021, Andy Jassy, the CEO of Amazon, saw a significant reduction in his overall compensation last year. The executive received a total compensation of $1.3 million (about Rs 10 crore) in 2022, which was made up of a $317,500 basic income, $981,000 in 401(k) plan contributions, and security … Read more
[ad_1] Last Updated: April 14, 2023, 01:48 IST Amazon’s board has recommended shareholders vote against each of the 18 proposals. Last year, all of the record 15 shareholder proposals were rejected by investors’ votes. (File Photo) The proposals cover a variety of topics including a request to change Amazon’s executive compensation package E-retail giant Amazon … Read more
[ad_1] LONDON: Amazon will shut down global online bookstore Book Depository after almost two decades, CNN Business reported.The UK-based bookseller, bought by Amazon in 2011, announced Wednesday that it would cease operations on April 26, but that customers could still place orders until midday UK time on that day.The company would continue to provide support … Read more
[ad_1] MUMBAI: The procurement of goods and services through Government e-Marketplace (GeM) has surpassed Rs 2 lakh crore in the financial year 2022-2023 with commerce and industry minister Piyush Goyal estimating savings of account around Rs 39,000 crore through the use of Amazon-like platform for public procurement.Goyal said the government is conducting price checks to … Read more
[ad_1] New Delhi: Electronic Arts Inc (EA.O) said on Wednesday it would lay off about 6% of its workforce and reduce office space, making it the latest major videogame publisher to announce job cuts. Technology firms have led the latest round of layoffs as U.S. companies brace for a potential economic downturn amid rising interest rates around the … Read more
[ad_1] NEW DELHI: Competition Commission is conducting inquiries against Amazon, Flipkart, Zomato, Swiggy, BookMyShow, Apple, WhatsApp, Facebook (Meta) and Google for alleged anti-competitive practices, the government said on Tuesday.To a query in the Rajya Sabha on whether the government is aware of the fact that anti-competitive practices are indulged by big tech companies like Amazon, … Read more
[ad_1] An Amazon driver has gone viral for his exceptional – and dangerous – delivery skills. A recent video posted to TikTok shows the driver pulling up to a cul-de-sac swarmed by police vehicles and walking through armed officers to drop off a package. “Amazon hard at work,” the person who recorded the video can … Read more