Amazon Begins Job Cuts, Says Some Roles No Longer Required

RTTNews | 970 days ago
Amazon Begins Job Cuts, Says Some Roles No Longer Required

(RTTNews) - Amazon began to implement job cuts, starting with devices and services division, citing difficult economy. The tech giant did not reveal the number of employees affected, but earlier this week, reports had said it was planning to lay off about 10,000 employees in corporate and technology roles.

In an email to employees, Dave Limp, Senior Vice President of Devices & Services, said, "After a deep set of reviews, we recently decided to consolidate some teams and programs. One of the consequences of these decisions is that some roles will no longer be required."

He noted that the changes at the division, which makes products including Echo, Alexa, Fire, and Kindle devices, come as the company continues to face an unusual and uncertain macroeconomic environment.

The impacted employees were notified the previous day, and the company said it will continue to work closely with each individual to provide support, including assisting in finding new roles.

If employees cannot find a new role within Amazon, the firm will support the transition with a package that includes a separation payment, transitional benefits, and external job placement support.

Limp added that the company will continue to invent as the Devices & Services organization remains an important area of investment for Amazon.

The layoffs would represent less than 1 percent of Amazon's global workforce and 3 percent of its corporate employees.

Amazon reported 798,000 employees at the end of 2019 but had 1.6 million full- and part-time employees as of December 31, 2021, a 102 percent increase.

Recently, some other tech firms also laid off thousands of employees. Meta announced last week that it will slash over 13 percent of its workforce, or more than 11,000 employees.

Twitter, which was recently acquired by Elon Musk in a $44 billion deal, laid off around half its workforce days after the takeover.

read more
Amazon To Invest $4 Bln To Expand Speed Delivery To Rural Communities Across U.S

Amazon To Invest $4 Bln To Expand Speed Delivery To Rural Communities Across U.S

E-commerce giant Amazon has announced its plan to invest over $4 billion to expand speed delivery service to thousands of smaller cities, towns, and rural communities across the United States. For the first time, the company will be offering the convenience and reliability of Same-Day and Next-Day Delivery to millions of U.S. customers in more than 4,000 smaller cities, towns, and rural communiti
RTTNews | 19 days ago
UK Grocery Regulator Probes Amazon Over Alleged Delays In Payments

UK Grocery Regulator Probes Amazon Over Alleged Delays In Payments

UK's Groceries Code Adjudicator or GCA announced the launch of a targeted investigation against e-commerce giant Amazon.com Inc. over alleged delays in payments to its suppliers. In a statement, the grocery regulator said the investigation is into whether Amazon has breached paragraph 5 of the Groceries Code, which indicates no delay in Payments, in relation to certain of its practices...
RTTNews | 23 days ago
Amazon Doubles Prime Day Event, Starting July 8 Through 11

Amazon Doubles Prime Day Event, Starting July 8 Through 11

E-commerce giant Amazon has announced Prime Day Event, its biggest deal event, with millions of exclusive deals for Prime Members, starting July 8 through July 11. Prime Day, traditionally a 2-day event, has now been doubled to 4 days for the first time. The 96-hours Prime Day offers Amazon's best deals of the season, including deals across more than 35 categories from fashion and beauty to groce
RTTNews | 26 days ago
CPSC Recalls: 1.2 Mln Anker Power Banks, Hedge Trimmers, High Chairs, Mattresses, Pool Covers

CPSC Recalls: 1.2 Mln Anker Power Banks, Hedge Trimmers, High Chairs, Mattresses, Pool Covers

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including around 1.2 million Anker Power Banks, as well as hedge trimmers, high chairs, mattresses, pool covers and Skywalker Pro Via Ferrata Sets. China- based Anker Innovations Limited has called back about 1.16 million units of power banks citing fire and burn risks, and TTI Outdoor Power Equipment recalled...
RTTNews | 30 days ago
CPSC Recalls: 3.8 Mln Dumbbells, 1.7 Mln Air Conditioners, Golf Cars, CO Detectors, Casters, E-Bikes

CPSC Recalls: 3.8 Mln Dumbbells, 1.7 Mln Air Conditioners, Golf Cars, CO Detectors, Casters, E-Bikes

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including around 3.8 million units of dumbbells by Johnson Health Tech Trading, 1.7 million air conditioners by Midea America Corp., around 352 thousand units of Yamaha golf cars including previously recalled ones, and around 50 thousand units of Apollo America's Combination Smoke and Carbon Monoxide or CO Detectors.
RTTNews | 37 days ago
Amazon Places Bid For TikTok Ahead Of US Sale Deadline

Amazon Places Bid For TikTok Ahead Of US Sale Deadline

As the April 5 deadline is looming for TikTok, owned by China-based ByteDance Ltd, to find a buyer or to face shutdown in the United States, its biggest market, Amazon has entered the picture, submitting a takeover bid to the White House for the business, reports said. With this, the tech major joins the list of potential bidders including private equity firm Blackstone and mobile technology...
RTTNews | 101 days ago