Tag: $Amazon

Amazon is laying off hundreds of employees at its studio division as well as its subsidiary Twitch to reduce costs, the latest in a wave of new job cuts hitting the tech industry.

MADRID, Nov 27 (Reuters) – Amazon reached an agreement with most of its workers in Spain on Monday, avoiding the full impact of a planned one-hour strike per shift on one of the busiest online shopping days of the year, according to local union group CCOO and the company.

LONDON, Nov 24 (Reuters) – Amazon workers came out on strike at multiple locations across Europe on Friday as protests against the U.S. e-commerce giant’s working practices picked up pace on one of the busiest shopping days of the year.

BRUSSELS, Nov 23 (Reuters) – Amazon is set to win unconditional EU antitrust approval for its $1.4 billion acquisition of robot vacuum maker iRobot , three people familiar with the matter said on Thursday.

Amazon.com is partnering with social-media platforms to enable direct purchases from apps such as Snapchat and Instagram. It’s a riposte to the growing e-commerce power of TikTok. 

In topping analysts estimates for its third-quarter results on Thursday, Amazon reported an operating margin of 7.8%, the highest since it reached a record of 8.2% in early 2021.

Amazon.com is facing a long-awaited lawsuit from the Federal Trade Commission. While the company being broken up is the most dramatic potential outcome, it might not be the worst outcome for the online retailer and cloud company. 

E-commerce giant Amazon on Monday said it will invest up to $4 billion in artificial intelligence firm Anthropic and take a minority ownership position in the company.

Amazon.com Inc. said Friday it will add limited advertising to its Prime Video product starting in early 2024.

Amazon said it plans to add 250,000 U.S. workers for the holiday shopping season, 67% more than the number of people it hired for the past two years, as it scrambles to expand next-day delivery for shoppers.

Amazon.com Inc. has relaunched its Amazon Shipping delivery service after a pandemic-era pause, the company confirmed on Friday. The news, reported on earlier in the day by the Wall Street Journal, marks the return of a segment of the online retailer that went head-to-head with the likes of FedEx Corp. FDX, -0.85% and United Parcel Service Inc.

Amazon.com is in talks about joining other technology companies as a cornerstone investor in SoftBank Group Corp’s Arm Ltd ahead of its initial public offering (IPO), people familiar with the matter said on Tuesday.

Amazon reported second-quarter earnings on Thursday that sailed past analysts’ estimates and issued guidance that points to accelerating revenue growth. The stock rose more than 10% in extended trading.

Amazon is rolling out its virtual health clinic service nationwide, the company announced Tuesday.

July 11 (Reuters) – Amazon.com (AMZN.O) hopes to tempt U.S. shoppers on Tuesday to open inflation-thinned wallets by offering deeper discounts on a wide range of goods and services during this year’s “Prime Day” 48-hour shopping event, including its first-ever travel discounts.

The U.S. antitrust regulator is planning to file a suit targeting Amazon.com’s core online marketplace in the coming weeks, Bloomberg News reported on Thursday, citing documents and people familiar with the matter.

The British competition regulator approved Amazon U.K.’s ‘s $1.7 billion purchase of iRobot , the maker of smart vacuum cleaners.

Amazon Web Services, the world’s largest cloud computing provider, is considering using new artificial intelligence chips from Advanced Micro Devices Inc, though it has not made a final decision, an AWS executive told Reuters

Amazon ’s cloud computing unit plans to invest $12.7 billion in India by 2030 to meet growing demand for cloud services in the world’s most populous country, the company announced Thursday.