Amazon sent out “voluntary severance” offers to some employees this week as it looks for ways to rein in costs beyond the massive layoffs already announced.
Amazon plans to lay off approximately 10,000 employees in corporate and technology roles beginning this week, according to a report from The New York Times.
Amazon on Thursday unveiled a new robotic arm for use in warehouses that can lift and sort items of varying shapes and sizes.
Amazon shares dropped for a fifth straight day on Tuesday, as investors continued to punish the company for a disappointing fourth-quarter forecast.
Amazon has sought to sweeten the perks offered via its Prime subscription program, after raising the price to $139 a year, up from $119.
ByteDance has launched a fashion website called If Yooou while Pinduoduo started an e-commerce site called Temu, selling items from electronics to clothing.
These are the stocks posting the largest moves in midday trading.
While Apple gave Wall Street a reason to cheer, the other Big Tech companies showed how challenging the economic environment has become for their businesses.
These are the stocks posting the largest moves in extended trading.
Amazon donated $400,000 to a conservative nonprofit group that’s pushed back on antitrust legislation. It tied for the second-highest listed donor contribution.
During the quarter, Amazon held its annual Prime Day megasale, and also ratcheted up cost-cutting efforts amid rising expenses.
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