New corporate hires will have to wait at Amazon, as the company announced a freeze as of Wednesday (Nov. 2). Amazon is moving to pause new hiring amid a worsening economic outlook and after its hiring practices had been less restricted in years past, it...
Amazon has expanded the amount of music, podcasts and features available on Amazon Music at no additional cost to Prime subscribers. The number of songs available to Prime members on Amazon Music has been boosted from 2 million to 100 million. The songs can be...
Amazon has debuted a cash advance solution for merchants selling on its site as small businesses seek more sources of growth capital. According to a Tuesday (Nov. 1) news release sent to PYMNTS, the financing solution is provided by Parafin, a FinTech founded by veterans...
It took more than two and a half years, but Amazon’s round trip is now complete. This, as the eCommerce and cloud computing giant’s double-digit, post-earnings dive Thursday evening (Oct 27) pushed its already battered stock price even lower, touching levels not seen since the...
Amazon is now offering an online store for home property insurance in the U.K. designed to streamline the shopping and decision-making process with a simplified quote questionnaire, competitive rates, and transparency. The Amazon Insurance Store provides a shopping experience with like-for-like quote comparisons and checkout...
In an ongoing effort to curtail costs, Amazon is pulling the plug on the recent testing phase of its autonomous home delivery robots. Scout, Amazon’s self-driving delivery robot that rolled out in 2019, is no longer in operation, Bloomberg reported on Friday (Oct. 7) citing unnamed sources...
Amazon is launching a new initiative that seeks to support entrepreneurs from underrepresented backgrounds with venture capital (VC) funding. The Catalytic Capital initiative will invest $150 million into VC funds, accelerators, incubators and venture studios that provide funding to entrepreneurs from marginalized environments, generally at...
Amazon is hitting pause on corporate hiring for its retail business for the rest of 2022, according to an internal announcement The New York Times reported on Tuesday (Oct. 4). The eCommerce giant is just one among numerous companies that have pulled back in the...
In eCommerce, it’s not just the convenience factor that will get consumers to click the buy button, especially into the all-important holiday shopping season — increasingly, there’s the affordability factor to consider too. Layaway counts among Amazon’s latest iteration of payment options, a nod to...
