After years of grumbling, Amazon said Wednesday (Nov 16) it was amending a dispute policy that instantly deactivated sellers’ accounts, in favor of a plan that allows sellers to stay open while they work towards a resolution. Before now, Amazon’s 2 million sellers faced an...
Amazon has notified employees of layoffs after deciding to consolidate some teams and programs within its Devices & Services organization. The firm did not specify the number of employees affected, but said it notified them Tuesday (Nov. 16), according to a blog post on the...
Unconfirmed reports Monday that said Amazon is planning to cut up to 10,000 jobs could give Walmart an opportunity to retake some market share from its struggling retail rival. The cuts are broad although not especially deep, given that the company has 1.5 million workers...
Germany’s competition watchdog, the Bundeskartellamt (BKartA) announced on Monday (Nov. 14) that it has extended two ongoing proceedings against Amazon to make use of an amendment to the German Competition Act that grants the BKartA additional powers to regulate large digital companies. In the first...
Amazon is reportedly looking to lay off approximately 10,000 employees this month, the first and largest such move in the company’s history. According to a New York Times report Monday (Nov. 14), which cited unnamed sources familiar with the staffing reduction, the cuts would be...
In an environment of falling values of stocks in the tech and growth sectors and economy-wide fears of a recession, Amazon has reportedly become the first public company whose market cap has dropped by $1 trillion. Between its record close at a market value of...
Amazon One palm-reading checkout technology is reaching more customers as the company begins rolling out the technology at its Whole Foods Market stores in the Dallas-Fort Worth area. The technology was added to two stores in Dallas on Tuesday (Nov. 8), and it will be...
Amazon’s shares have slipped about 11% in the wake of last month’s earnings reports, as investors fretted about consumers’ belt-tightening. “The continuing impacts of broad-scale inflation, heightened fuel prices, and rising energy costs have impacted our sales growth as consumers assess the purchasing power and...
In a boost for Nigeria’s digital economy, Amazon Web Services (AWS), a subsidiary of Amazon, recently announced the opening of a new office in Lagos, from which it will support the growing number of Nigerian businesses deploying AWS Services. Related: Demand for Amazon, Google’s Cloud...
