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Amazon begins mass layoffs; data scientists, software engineers hit

Amazon has begun mass layoffs in its corporate ranks, becoming the latest tech company to trim its workforce amid rising fears about the wider economic environment. On Tuesday, the company notified regional authorities in California that it would lay off about 260 workers at various facilities that employ data scientists, software engineers and other corporate workers. Those job cuts would be effective beginning on January 17. Amazon would not specify how many more layoffs may be in the works beyond the ones confirmed through California's Worker Adjustment and Retraining Notification Act, also known as WARN, which requires companies to provide 60 days' notice if they have 75 or more full-time or part-time workers. Amazon employs more than 1.5 million (15 lakh) workers globally, primarily made up of hourly workers. The online retail giant, like other tech and social media giants, saw sizable profits during the COVID-19 pandemic, as homebound shoppers purchased more items online. But

As Amazon begins mass layoffs, employees say horrendous way to treat people

The company did not reveal the exact number of employees being hit although earlier reports put the number at 10,000 employees or 3 per cent of its workforce

At climate summit, Brazilian president Lula promises new day for Amazon

Six weeks before taking power, Brazilian President-elect Luiz Incio Lula da Silva on Wednesday told cheering crowds at the UN climate conference that he would crack down on illegal deforestation in the Amazon, reinitiate relationships with countries that finance forest protection efforts and push to host an upcoming world climate summit in the rainforest. In two appearances, da Silva laid out a vision for management of the world's largest rainforest, critical to fighting climate change, that was in stark contrast to that of President Jair Bolsonaro, whose administration witnessed some of the most rapid cutting of forests in decades. There will be no climate security if the Amazon isn't protected, said da Silva, adding that all crimes in the forest, from illegal logging to mining, would be cracked down on without respite. Brazilian presidents have a wide range of powers when it comes to monitoring and regulating the Amazon. The Ministry of Environment oversees the Brazilian Institute

'What if I'm next?' Fear grips Amazon India employees amid global layoffs

Those in the know say the full force of the impact of global layoffs in India will be felt in the retail division

Indian startups need to deliver good profits in 3-5 yrs: Accel's Prakash

The top venture capitalist also predicted that at least 25 Indian unicorns will go for IPO in the next 3-5 years

Amazon Clinic launched as virtual health service for common conditions

Amazon is stepping back into virtual care with a new service that uses secure messaging to connect patients with doctors for help with nearly two dozen conditions. The retail giant said on Tuesday it will launch Amazon Clinic in 32 states to provide medication refills and care for conditions like allergies, erectile disfunction, hair loss, migraine and urinary tract infections. That list does not include the flu, COVID-19, ear infections or other urgent care conditions for which patients often seek help through telemedicine. Amazon said it will work to add other conditions over time to the service, which will not accept insurance. It also plans to expand the service to more states in the coming months. Tuesday's announcement comes more than two months after Amazon said it will shut down Amazon Care, a hybrid virtual, in-home service it spent years developing. The company had launched that service in 2019 for its Washington employees. It expanded it last year, allowing private ...

Where did big tech and startups go wrong on hiring?

After Twitter and Meta, Amazon is planning to lay-off a big chunk of its workforce. Reports say that it would fire close to 10,000 employees. What led to this situation? And what's the road ahead?

Amazon layoffs in India may be higher than other tech majors: Report

Including direct and indirect jobs, Amazon employs over 1.1 million people in India

Amazon woos Indian exporters to sell products on Black Friday sale event

US e-commerce giant cuts subscription fee for new exporters joining Global Selling programme

IAMAI asks govt to content and broadcasting services out of telecom bill

IAMAI said in its submission that 'telecommunication' can cover video calls, emails, messages as well as other cloud service providers

Amazon adds custom alerts to Alexa Together caregiver service: Details here

Alexa Together is a subscription service, designed to help ageing loved ones feel more comfortable and confident to live independently

Amazon to lay off 10K employees amid 'largest job cuts' in firm's history

The job cuts are expected in Amazon's devices organization, including the voice-assistant Alexa, as well as in its retail division and in human resources

Top headlines: Disinvestment target, RBI imposes penalty on 9 UCBs & more

Business Standard brings you the top headlines this hour

Amazon founder Jeff Bezos says he will give away most of his fortune

Amazon founder Jeff Bezos said he will give away the majority of his wealth during his lifetime, becoming the latest billionaire to pledge to donate much of his vast fortune. Bezos, whose real-time worth Forbes magazine estimates at roughly $124.1 billion, made the announcement in a joint CNN interview with his girlfriend Lauren Sanchez that was released on Monday. The billionaire didn't specify how - or to whom - he will give away the money, but said the couple were building the capacity to do it. The hard part is figuring out how to do it in a levered way, Bezos said during the interview. It's not easy. Building Amazon was not easy. It took a lot of hard work and very smart teammates. And I'm finding - and Lauren's finding - that philanthropy is very similar. It's not easy. It's really hard. Previously, Bezos has been criticised for not signing the Giving Pledge, the campaign launched by Bill Gates, Melinda French Gates and Warren Buffet to encourage billionaires to donate the ...

A step-to-step guide to transferring Amazon Pay balance to bank account

Note, however, that you can only do this if you have completed your KYC

Future Retail saga explained: From rise & fall to Amazon-RIL court battle

As 15 entities including Reliance file their expressions of interest for Future Retail, here's all you need to know about the company and Amazon's legal battle against its deal with Reliance

Amazon plans to make changes to Alexa and unprofitable businesses

Cost-cutting measures: Tells workers at unprofitable arms to look for jobs elsewhere

Prime Video launches immersive cricket experience of India-New Zealand tour

Fans will experience a high-quality localized content feed in India, with commentary and graphics across five languages including, Hindi, Tamil, Telugu and Kannada, along with English

Amazon Smartphone Upgrade Days sale: Know offers detail, discounts and more

The Amazon Smartphone Upgrade Days sale started today, on November 11, and it will continue until November 15

Amazon unveils new Prime Air delivery drone, to enter service in 2024

The new drone will undergo rigorous evaluation by national aerospace authorities like the Federal Aviation Administration (FAA) to prove its safety and reliability