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We'll continue to evaluate what we're seeing in our business: Amazon CEO on layoffs
- Amazon CEO Andy Jassy said that the decision to eliminate 27,000 corporate roles was difficult and the company will continue to evaluate their business.
- Amazon reported a strong March quarter result with worldwide net sales of $127.4 billion, up 9% YoY, and $3.2 billion in overall net income.
- The company saw a surge in its advertising services revenue with a 23% YoY increase.
- The new round of Amazon layoffs has reportedly started in the Cloud Services division, with employees in the US, Costa Rica, and Canada being notified of their job terminations.
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Amazon starts round of layoffs in AWS cloud division
- Amazon has started firing employees of AWS as part of 9,000 job cuts announced in March.
- The job cuts are a result of slowing growth in AWS, which generates most of the company's profits.
- The layoffs will also impact human resources, advertising, and Twitch staff.
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Amazon Prime subscription price in India hiked once again; here's new prices
- Amazon has increased the subscription price of its Prime membership in India by more than Rs 100 for all plans except the annual plan.
- The new prices for Amazon Prime Video in India are Rs 299 for a monthly plan and Rs 599 for a quarterly plan.
- The annual plan remains unchanged and is still priced at Rs 1,499, while the Amazon Prime Lite plan is priced at Rs 999.
- Existing Amazon Prime members with old subscriptions can continue to auto-renew in the same Prime plan at the old price until the last renewal before January 15, 2024, after which they will need to renew at the new prices.
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Jeff Bezos spotted wearing $12 shirt from Amazon, pic goes viral on internet
- Amazon founder Jeff Bezos was spotted wearing a $12 shirt during his appearance at the Coachella music festival with his girlfriend, Lauren Sanchez.
- He ditched designer labels in favour of a much more accessible $12 shirt for his Coachella appearance, the blue button-down shirt with a butterfly print has since gone viral online.
- Social media users have discovered close dupes of the shirt, with one product retailing for as low as $12 on Amazon.
- Some claim that the products retailing on Amazon are knock-offs of a more expensive designer brand.
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Fresh Amazon layoffs impact employees in its advertising unit: Report
- Amazon confirms layoffs in advertising unit as part of cost control efforts led by CEO Andy Jassy.
- Layoffs are expected to affect workers in New York and New Jersey starting on June 20 or July 17.
- Amazon has announced a total of 27,000 job cuts in 2023 so far as part of a larger restructuring effort.
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Amazon services AWS & Alexa back up after brief outage
- AWS and Alexa experienced a brief outage in the US.
- Users were unable to complete account signups and received billing console errors.
- Downdetector received over 16,000 reports related to Alexa during the peak of the disruption, but the services have been restored now.
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Amazon and Google hint at more layoffs amid economic meltdown
- Amazon and Google are reportedly continuing to evaluate their businesses, leading to further layoffs, according to statements from their CEOs.
- Amazon CEO Andy Jassy has said that the company had to eliminate 27,000 corporate roles as part of a reprioritisation of resources.
- Google CEO Sundar Pichai has stated that the company is reviewing every aspect of what they do as part of their efforts to re-engineer their cost base permanently.
- Both Amazon and Google are striving to find ways to generate revenue, operating income, free cash flow, and return on invested capital in the long run.
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Amazon to lay off 9,000 more employees: CEO Andy Jassy
- Amazon said on Monday it is laying off 9,000 more employees in the next few weeks, mostly in AWS, advertising and Twitch, CEO Andy Jassy said in a blog post.
- "Given the uncertain economy in which we reside, and the uncertainty that exists in the near future, we have chosen to be more streamlined in our costs and headcount," Jassy wrote.
- Last week, Meta Platforms said it would cut 10,000 jobs this year, following the first mass layoff in the fall, which eliminated more than 11,000 jobs.
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Jeff Bezos hired this Amazon candidate ‘on the spot’ after asking only 2 questions
- Ann Hiatt, a job candidate for a junior assistant position at Amazon, impressed founder Jeff Bezos during her interview.
- During the interview, Bezos asked Hiatt two questions: a brainteaser about estimating the number of panes of glass in Seattle and a question about her career goals.
- Hiatt outlined her approach to estimating the number of panes of glass in Seattle, starting with the number of people and considering the number of buildings and windows they would have.
- For the second question, Hiatt explained that she had no idea how to be an assistant, but knew the importance of consistently being outside of her comfort zone and learning from ambitious and passionate people.
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US opens probe into Amazon's Zoox robotaxi self-certification
- Amazon's self-driving unit Zoox is being investigated by the US National Highway Traffic Safety Administration (NHTSA) for the self-certification of a robotaxi.
- The NHTSA is looking into whether Zoox's certification process relied on test procedures and determinations that certain standards were inapplicable due to the unique configuration of the vehicle.
- This audit query comes amid heightened scrutiny of self-driving technology and its safety, as regulators and industry players work to develop a regulatory framework for autonomous vehicles.
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Amazon employees to face salary cut by 50 per cent: Reports
- Amazon's falling share price is expected to result in a pay reduction of up to 50% for its corporate employees in 2023, according to the WSJ report.
- The compensation model at Amazon relies heavily on stock awards, making employee pay packets sensitive to fluctuations in the company's stock price.
- Amazon's spokesperson emphasized that the compensation model is designed to incentivize employees to think like owners and align their interests with the company's long-term performance.
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ChatGPT is author/co-author of 200+ e-books on Amazon Kindle
- ChatGPT, a language model trained by OpenAI, has been listed as an author or co-author of 200 e-books on Amazon Kindle.
- The e-books cover a variety of topics, including health, nutrition, technology, and business.
- The e-books are generated using natural language processing (NLP) techniques and are designed to provide readers with high-quality content.
- The inclusion of ChatGPT as an author or co-author of e-books on Amazon Kindle highlights the growing importance of artificial intelligence and NLP in the field of content creation.
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Centre pulls up Amazon, Byju's for anti-consumer practices: Reports
- Amazon and Byju's have been pulled up by the consumer affairs department for anti-consumer practices.
- Amazon's algorithms were criticized for prioritizing its private labels and products of companies where it has investments.
- Byju's has been asked to stop misleading advertisements that promote their business.
- The Consumer Protection Act, 2019, empowers the department to penalize companies for unfair trade practices and consumers have the right to seek redressal against them.
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Amazon tech workers push CEO Andy Jassy to drop return-to-office mandate
- Amazon tech workers are pushing back against the company's new return-to-work policy that mandates corporate employees to be in the office at least three days a week starting May 1.
- Workers have created an internal petition and Slack channel to express their concerns about the policy.
- Amazon CEO Andy Jassy announced the new policy on Friday, but employees are urging him to reconsider and find a more flexible approach.
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Amazon customer receives 2 bluetooth speakers instead of PS5 after placing order, shares on reddit
- A man shared on Reddit that he received two Bluetooth speakers instead of the Sony PlayStation 5 Console (PS5) after placing an order on Amazon.
- The customer expressed his disappointment, stating that he suffered mental trauma and cried.
- Amazon is investigating the issue and the customer recorded a video of himself opening the package to support his claim.
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