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The Latest Breaking News from Andy Jassy

As Amazon shrinks, some workers' last day comes 2 days before Christmas

Some employees in Amazon's human resources department will clock out for the last time on Dec. 23, part of a broad push by the Seattle-based company to shrink its corporate workforce by 3% in coming months.

Tribune News Service

Amazon CEO says company won't take down antisemitic film

Amazon CEO Andy Jassy has said the company does not have plans to stop selling the antisemitic film that gained notoriety recently after Brooklyn Nets guard Kyrie Irving tweeted out an Amazon link to it

The Independent UK

How Amazon grew an awkward side project into AWS, a behemoth that’s now 4 times bigger than its original shopping business

Over two decades, AWS has become the ultimate case study in corporate innovation.

Fortune

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US judge orders Amazon to ‘cease and desist’ anti-union retaliation

Company must read out public notice to employees at Staten Island warehouse, which won vote to unionize in April

The Guardian - US

Amazon to shut some India businesses amid global cuts

Amazon will wind down parts of its India operations, showing that even the crucial growth market with 1.4 billion consumers isn’t immune to chief executive officer (CEO) Andy Jassy’s cost-reduction campaign.

The Times of India

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

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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

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

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

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Benzinga

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

Input

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

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

The Independent UK

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

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Tribune News Service

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.

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

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

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