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The Latest Breaking News from Andy Jassy

Amazon to begin locking out some laid-off employees on Wednesday

Amazon is locking some laid-off employees out of its offices and their company-issued laptops on Wednesday, about a week after the company started notifying workers that their positions were being cut.

Tribune News Service

Amazon Confirms it Has Begun Laying off Employees

Amazon confirmed on Thursday that it is laying off staff, after days of rumors that the e-commerce behemoth would become the latest tech giant to unleash a large-scale redundancy plan amid a souring economic environment. "The economy remains in a challenging spot and we've hired rapidly the last several years,"…

Asharq Al-Awsat

Amazon CEO Jassy says job cuts will roll into 2023

Some Amazon employees may have to wait until next year to learn if their job is safe.

Tribune News Service

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Amazon CEO: More layoffs to come

Amazon isn't done reviewing its businesses to see where cuts need to be made.

Axios

Alexa, why is your department shrinking? Because Amazon couldn’t find a profitable use for her

The voice-command technology and its accompanying hardware could never reach critical mass while generating recurring revenue.

Fortune

Amazon warns costs may eviscerate profits, shares crash

Amazon’s efforts to boost revenues may not pay off as inflation and receding consumer demand bite into profits.

Al Jazeera

Amazon Stock Plunges After Q3 Earnings: The Details On Revenue Miss, EPS Beat, New Prime Video Content, Disappointing Guidance

E-commerce leader Amazon.com Inc (NASDAQ: AMZN) reported third-quarter financial results after the market close Thursday. Here's what investors need to know.

Benzinga

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NLRB alleges Amazon's Jassy violated labor law in interviews

The National Labor Relations Board has filed a complaint accusing Amazon CEO Andy Jassy of violating labor law during media interviews this year where he said workers are better off without a union

The Independent UK

FTC says Bezos, Jassy must testify in probe of Amazon Prime

Federal regulators are ordering Amazon founder Jeff Bezos and CEO Andy Jassy to testify in the government's investigation of Amazon Prime

The Independent UK

Top Financial Media Stories Thursday, September 22: Facebook Sued For Bypassing Apple Privacy Rules, Walmart Slows Hiring Plans Ahead Of Holiday Season, China Blames US For Northwestern Polytechnical University Hack And More..

Reuters

Benzinga

Amazon claims FTC is 'harassing' executives like Bezos and Jassy

The company claims the FTC’s subpoenas for evidence are unusually burdensome.

Input

Jay Carney, Amazon's top policy exec, leaves for Airbnb

The top policy and communications executive at Amazon and a one-time White House spokesman has been named the head of policy at Airbnb

The Independent UK

Amazon Prime Day comes amid slowdown in online sales growth

Amazon is heading into its annual Prime Day sales event on Tuesday much differently than how it entered the pandemic

The Independent UK

Activists say Amazon misled shareholders about warehouse working conditions

When the investment firm BlackRock voted against an independent audit of the working conditions at Amazon's warehouses, it was relying on false and misleading information from the company, one activist group is arguing in a new complaint with the Securities and Exchange Commission.

Tribune News Service

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Benzinga

How Has Amazon Performed This Past Year With New CEO Andy Jassy At The Helm?

When Andy Jassy took over as Amazon.com Inc. (NASDAQ: AMZN) CEO on July 5, 2021, many speculated if he would be able to run the e-commerce giant as effectively as his predecessor, founder Jeff Bezos.

Benzinga

Amazon Lost 2 Key Black Executives This Week: What You Need To Know

Amazon.com, Inc (NASDAQ: AMZN) has reportedly lost two key Black executives, including one on its core team.

Benzinga

Amazon Chief Addresses Consumer Chief Exit, Risky Bets, Streaming Business, Union and More

Amazon.com, Inc (NASDAQ: AMZN) chief Andy Jassy in an interview at the

The Guardian - US

Wage gap between CEOs and US workers jumped to 670-to-1 last year, study finds

Report on 300 top US companies found CEOs making an average of $10.6m, with the median worker getting $23,968

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Tribune News Service

Amazon shareholders approve $200M payout to CEO Jassy, reject worker safety, climate initiatives

At its annual meeting for shareholders, Amazon's investors approved a more than $200 million payout for CEO Andy Jassy and voted against 15 proposals asking the company to report on worker safety, climate goals, pay rates, use of its face recognition technology and its stance on workers' right to unionize.

The Independent UK

Amazon shareholders nix warehouse working conditions audit

Amazon shareholders have voted against a proposal calling for an independent audit of working conditions at the company’s warehouses

Benzinga

Time 100 Most Influential List Includes 10 Connected To Public Companies Such As Tim Cook, Andy Jassy And Joe Rogan

The annual Time 100 Most Influential People list for 2022 contains names such as U.S. President Joe Biden, Ukrainian President Volodymyr Zelenskyy and Chinese President Xi Jinping. The list also has several CEOs and names connected to public companies.

Tribune News Service

Nearly 1 in 5 Amazon delivery drivers get hurt on the job each year, new report says

One in five delivery drivers working for Amazon was injured on the job in 2021, a new report says.

Benzinga

Morning Brief: Top Financial Stories Dominating on Tuesday, May 24

CNBC

Benzinga

Amazon Shareholders Seek To Question Pay, Tax, Working Conditions in CEO Andy Jassy's First Annual Meet

Amazon.com Inc (NASDAQ: AMZN) shareholders look to challenge its executive pay, tax transparency, working conditions, and unionization as CEO Andy Jassy faces his first annual meeting,

Tribune News Service

Shareholder: Amazon's 'astronomical' misuse of customer data could ruin company

Taking a new approach to bringing attention to how Amazon uses individuals' data, a shareholder is suing Jeff Bezos, Andy Jassy and 17 other Amazon leaders he claims knowingly allowed the company to violate state laws.

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People

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