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...
Amazon has launched “Amazon Access,” a resource hub to help shoppers, including those seeking information on Prime’s discounted membership program for qualifying government assistance recipients. The hub, announced in a news release on Monday (Oct. 3), offers information on payment options such as Supplemental Nutrition Assistance...
Amazon is raising wages for its front-line workers, and introducing a benefit that lets them collect their pay at any time during the month. As the company said in a news release Wednesday (Sept. 28) evening, the average starting pay for front-line employees in customer...
Amazon has been encouraging customer service employees to work from home to help save money on real estate, Bloomberg wrote. The shift is part of a larger plan to close some call centers around the country — including one in Kennewick, Washington that has operated...
In a flurry of announcements ahead of its upcoming Prime Early Access Sale, eCommerce giant Amazon made clear that its second sales event of the year will be as much about showcasing its upgraded line of consumer electronics and deepening its digital ecosystem as it...
Amazon Prime members in 15 countries will get early access to discounts and exclusive subscriber-only deals October 11th and 12th the ecommerce giant announced today. According to a press release on Monday (Sept. 25), this first-ever Prime Early Access Sale will include a stream of...
Amazon founder Jeff Bezos and CEO Andy Jassy have no choice but to testify before the Federal Trade Commission (FTC) in the agency’s ongoing investigation after a ruling on Wednesday (Sept. 22) didn’t go their way. Bezos and Jassy had attempted to get out of...
