Page 39 - Amazon

Amazon falls after warning of slowdown in cloud computing business growth

AWS revenue rose 16% to $21.4 billion in the first quarter, the weakest growth rate since Amazon began breaking out the unit's sales

First time since 2014, Amazon omits India business from earnings call

The change is particularly notable given the high rate of growth of the e-commerce industry in South Asia

Amazon lays off employees in Cloud computing, HR units in fresh wave

The layoffs are part of the previously announced job cuts that would affect 9,000 employees. In the first job cut round, Amazon slashed approximately 18,000 roles

Fire TV Cube (3rd Gen): Unboxing Amazon Alexa-powered streaming device

The third generation Fire TV Cube is Amazon’s most powerful media streaming device. Powered by an octa-core (4x2.0 GHz + 4x2.2GHz), the device is said to be 20 per cent more powerful than the previous

Amazon shuts down health-focused Halo division, lays off employees

For employees who are impacted by this decision, Amazon is providing packages that include a separation payment, transitional health insurance benefits, and external job placement support

Top 25 tech firms' valuation grows $2.4 trillion in 2023, shows report

Meta, Apple, Amazon, Microsoft, and Google (FAAMG) stocks contribute more than 60 per cent of the tech stocks with $7.7 trillion

Amazon layoffs 2023: Employees loose jobs in AWS Cloud Division

Amazon Web Services personnel in the US, Canada and Costa Rica whose jobs were being eliminated were notified early Wednesday, the unit's chief said in an email to staff

HCL bucks the trend; says it intends to hire as others continue to fire

The firing spree was not limited to back-office jobs and affected big tech companies, including Amazon, Meta, Microsoft, and Google parent Alphabet, among others

Top headlines: HDFC Bank recommends 1900% dividend, Sec 144 imposed in UP

Business Standard brings you top headlines at this hour

Amazon, Google CEOs hint at more layoffs amid meltdown to evaluate business

As tech layoffs continue unabated in 2023, Amazon and Google CEOs have hinted at more layoffs as the companies continue to evaluate business

Amazon Blockbuster Value Days sale: Know deals, discounts, bank offers

Amazon Blockbuster Value Days sale started today, April 14, and it will continue until April 17

Amazon.com Inc joins generative AI race, targets cloud customers

Amazon announced no plans to release a chatbot like the ones Microsoft and Google have debuted to mixed reviews

Amazon CEO Andy Jassy says AI will be 'big deal' for the company

Tech giant was "spending heavily" on AI tools that have gained popularity in recent months

What led to mass layoffs in tech sector globally and who was affected?

According to a report over 150,000 people have been affected by tech layoffs in 2022 alone, whereas, 68,500 new cuts were seen in January 2023 alone

Amazon CEO Jassy pledges to keep investing in big bets amid cost cuts

The missive coincides with a period of rolling layoffs at the Seattle-based company, as executives seek to cut costs and wind down marginal or unprofitable projects

Tech giants offering one-year salary to encourage resignations in Europe

All big tech giants are still reducing staff strength across the globe, but are struggling to lay off employees in Europe because of strong labour protection laws there

Google to HP: Apple's Mumbai store zone to be a no-go area for 22 brands

Apple has placed a similar clause in its lease for 116,000 sq ft space in Bengaluru

Lava Blaze 2 smartphone with 6GB RAM, 128GB storage launched at Rs 8,999

The Lava Blaze 2 smartphone will be available on the e-commerce platform Amazon India from April 18

US big tech Google, Amazon struggle to lay off employees in Europe

In Europe, mass layoffs have stalled because of labor protections that make it virtually impossible to dismiss people in some countries without prior consultations with employee interest groups

Amazon's $1.7 billion iRobot purchase faces UK antitrust scrutiny

British antitrust regulators have started investigating Amazon's purchase of robot vacuum maker iRobot, adding further scrutiny to the $1.7 billion deal. The Competition and Markets Authority said Thursday that it's considering whether the deal will result in a substantial lessening of competition within the United Kingdom. In an initial step, the U.K. watchdog invited comments on the deal from any interested party. The acquisition is already facing a review in the U.S. by the Federal Trade Commission amid worries about Amazon's growing market power. Consumer groups had voiced concerns after the deal was announced last year that it would further the e-commerce giant's dominance in the smart home market. Amazon said it's working cooperatively with the relevant regulators in their review of the merger. Bedford, Massachusetts-based iRobot, which makes the popular Roomba robotic vacuum cleaners, said it continues to work cooperatively with both the U.S. FTC and other regulatory agencie