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Amazon net sales increase 14% to $170 bn
Net income increased to $10.6 bn in the fourth quarter of 2023
Amazon India gives pink slips to employees
The US-based e-commerce giant shown doors to 18,000 workers in Jan and announced in March to lay off 9,000 more as part of its global restructuring...
Amazon upgrading its AI model to make Alexa world’s best personal...
The company is now building a large language model (LLM) to power Alexa that’s much larger and much more ‘generalised and capable’
‘Cutting 27k jobs was very difficult decision’
We’ll continue to evaluate what we’re seeing in our business: Amazon CEO
Amazon asks employees to return to office three days a week
Amazon CEO Andy Jassy has asked employees to return to office, starting with three days per week from May 1.
Amazon turns to new round of layoffs
Amazon has earlier announced to lay off 18,000 employees globally, including nearly 1,000 in India; Amercian e-commerce major already laid off 2,300...
Amazon CEO confirms more layoffs coming in early 2023
Amazon CEO Andy Jassy has warned employees that there will be more layoffs at the company in early 2023 "as leaders continue to make adjustments".
Amazon puts Alexa biz under major cost-cutting review: Report
As Big Tech reels under the global macroeconomic conditions, Amazon is now reviewing its Alexa virtual assistant-driven business as part of a major...