The Latest Breaking News on Big tech

Apple’s Tim Cook to take 50% pay hit after shareholder feedback

‘Compensation’ for CEO down from $99.4m in 2022 to an expected $49m for current year

The Guardian - UK · Jan 13, 2023

Apple’s Tim Cook takes rare CEO pay cut after pushback

SAN FRACISCO: Apple Inc is cutting chief executive officer Tim Cook’s compensation by more than 40% to $49 million in 2023, citing investor guidance and a request from Cook himself to adjust his pay.

The Times of India · Jan 13, 2023

Xbox sales doubled in Japan in 2022 despite software struggles

Nintendo Switch outsold Sony and Microsoft in Japan, but Xbox sales still doubled in 2022, even without any software hits

USA Today Sports Media Group · Jan 12, 2023

Amazon to shut three UK warehouses amid cost-cutting drive

The move is likely to affect 1,200 jobs

Evening Standard · Jan 10, 2023

Amazon to shut three UK warehouses this year with 1,200 jobs affected

The Amazon sites that have been proposed for closure are in Hemel Hempstead, Doncaster and Gourock - but the company says all affected workers will be offered roles at other locations

Daily Mirror · Jan 10, 2023

Amazon to close Gourock plant with loss of 300 local jobs

It is understood workers were told about the plans, which will be consulted on, last night

Daily Record · Jan 10, 2023

Amazon to axe 18,000 jobs as it cuts costs throughout 2023

The online retailing giant has said that they plan to cut thousands of jobs as it battles to save money throughout the cost of living crisis - meaning that 18,000 will lose out.

Glasgow Live · Jan 5, 2023

Amazon Ireland job fears as firm to cut 18,000 roles globally in bid to slash costs

It is understood the job losses will include Europe, but Amazon has not given details of how each country, including Ireland, will be affected. Amazon employs around 5,000 people in Ireland.

Irish Mirror · Jan 5, 2023

Amazon To Lay Off Over 18,000 People: CEO Andy Jassy

Amazon CEO Andy Jassy said the company planned to eliminate over 18,000 people, thousands more than originally expected. Read on for details:

Dynamite News · Jan 5, 2023

Amazon set to axe 18,000 jobs worldwide in largest layoffs in its history

The online retail firm said roles that will be affected the most include those across its stores, such as Amazon Fresh and Amazon Go, as well as its human resources division

Chronicle Live · Jan 5, 2023