Page 40 - Amazon

Google, Amazon struggle to cut jobs in Europe due to labour protections

In Europe, mass layoffs among tech companies have stalled because of labour protections that make it virtually impossible to dismiss people in some countries without prior consultations

Amazon plans to reduce employee stock awards in 2025 after mass layoffs

The memo also hinted towards a change in Amazon's pay model that would give staff more cash, "a change that could make up for any potential weakness in its stock price"

I&B ministry, Amazon sign pact to promote India's creative economy

Amazon India and the Information and Broadcasting (I&B) Ministry on Wednesday announced they signed a pact to boost India's creative economy. As part of the letter of engagement (LoE), Amazon and the ministry will help build pathways to promote creative talent in India, create capacity across eminent film and TV institutes, and globally showcase Made in India creative content. The LoE was signed at The National Media Centre here in presence of I&B Minister Anurag Thakur; Chetan Krishnaswamy, Vice President, Public Policy at Amazon India; and Gaurav Gandhi, Vice President, Asia Pacific, Prime Video. According to a press release issued by the company, Prime Video and miniTV will both work towards providing internships, and scholarships to students at Film and Television Institute of India (FTII) and Satyajit Ray Film and Television Institute (SRFTII). To further the 'Azadi ka Amrit Mahotsav' initiative, content from National Film Development Corporation of India (NFDC), national

Amazon enters generative AI space with AI startup accelerator

Selected startups will get up to $300,000 in AWS credits to help build their AI services and solutions

Amazon.com Inc lays off about 100 employees in its gaming divisions

Amazon has struggled to capitalize on its resources in gaming, including through its Crown channel, an entertainment show on the Twitch streaming service

Amazon removes 6 mn counterfeit items globally from supply chains

E-commerce major Amazon removed six million counterfeit items globally from the supply chain in 2022, the company said in a report on Tuesday. The e-commerce firm said that it stopped over 800,000 attempts to create new selling accounts in 2022, preventing bad actors from publishing a single product for sale. The figure has come down from 2.5 million attempts in 2021, and six million attempts in 2020. "The strategic combination of industry-leading technology and experts are successfully stopping bad actors and making an impact beyond Amazon's marketplaces and stores identifying, seizing, and appropriately disposing of over six million counterfeit products in 2022, preventing them from reaching customers and being resold elsewhere in the global supply chain," the report said. The report said that Amazon's Counterfeit Crimes Unit sued or referred for investigation over 1,300 criminals in the US, UK, EU, and China in 2022.

Amazon sues sellers over fake takedown requests against competitors

"These lawsuits should serve as a warning to anyone that uses fraud in an attempt to harm any of the millions of selling partners that work with Amazon every day"

Tech sector H-1B workers' spouses can continue to work in US, says judge

The ability of H-1B holders' spouses to also get jobs in the US has been a major attraction for highly skilled foreign workers, the tech companies have argued

IKODOO launches Amazon-exclusive Buds One, Buds Z wireless earphones

The IKODOO Buds One will be available at Rs 4,999 and the IKODOO Buds Z will be available at Rs 999, exclusively on Amazon India, from March 31

Competition Commission conducting inquiries against big tech firms: Govt

Competition Commission is conducting inquiries against Amazon, Flipkart, Zomato, Swiggy, BookMyShow, Apple, WhatsApp, Facebook (Meta) and Google for alleged anti-competitive practices, the government said on Tuesday. To a query in the Rajya Sabha on whether the government is aware of the fact that anti-competitive practices are indulged by big tech companies like Amazon, Flipkart, Google, Meta, Twitter, Apple, Facebook, Twitter and Google etc in the country, Union Minister Nirmala Sitharaman replied in the affirmative. In a written reply, the Finance and Corporate Affairs Minister said the Competition Commission of India (CCI) after conducting inquiries in three different cases, passed orders in the matter related to Google on January 31, 2018, October 20, 2022, and October 25, 2022. In the matter related to MakeMyTrip-Go and OYO, the order was passed on October 19, 2022. "Appeals have been filed against these orders passed by CCI. Inquiries against Amazon, Flipkart, Zomato, Swiggy

Amazon, Google scramble to keep pace with OpenAI despite huge AI teams

The numbers underscore how seriously the world's biggest technology firms have been taking their work on artificial intelligence, but also how slow and cautious they have been to create services

Social commerce the way to tap growing online buyers from smaller towns

Indian e-commerce was worth $83 bn in 2022, will likely grow to $185 bn in 2026, propelled by deeper internet penetration and digital payments

Amazon, others revamp 'free' shipping as costs soar, says report

Product inflation and soaring shipping costs are making the service unsustainable as the prospect of recession threatens to wallop already-flagging online spending

After 25 years, Amazon to shut go-to camera reviews website 'DPReview'

DPReview was founded in 1998 in England and was purchased by Amazon in 2007, who relocated the team to Seattle in the US in 2010 to be closer to its headquarters

Amazon to cut 9,000 jobs in second round of layoffs, says report

Amazon said it is laying off 9,000 more employees in the next few weeks, mostly in AWS, advertising and Twitch, according to media reports

Amazon Web Services served Rs 549 crore income tax demand notice: Report

AWS: The income tax department has reportedly raised the demand for Rs 190.85 crore tax for 2014-15 and Rs 358.27 crore for 2016-17 by invoking Section 147 of the Income-tax Act

Amazon targets 2024 launch of its first Kuiper internet satellites

Amazon's satellite internet unit, Project Kuiper, will begin mass-producing the satellites later this year, the company said

President Lula meets with indigenous in Brazil's Amazon, pledges lands

On his first trip to Indigenous land in the Amazon rainforest since taking office, Brazilian President Luiz Incio Lula da Silva expressed support for creating new territories for those communities, but stopped short of announcing any demarcations. Wearing white cap and dark shirt in the heat, Lula addressed some 2,000 Indigenous people who painted their faces, wore traditional feather headdresses and sang songs to welcome him Monday to the Raposa Serra do Sol region bordering Venezuela and Guyana. He said he wants quick demarcation of their lands before other people take over, invent false documents to claim ownership rights. That has been a common occurence throughout Brazil's history, which prompted the start of demarcation processes over a half century ago. We need to quickly try to legalize every land whose (demarcation) studies are almost finished so the Indigenous can take the land that is theirs, Lula said at the 52nd general assembly of the Indigenous peoples of the State of

Amazon plans to shut 8 Go convenience stores in US in cost-cutting effort

As part of its cost-cutting effort, Amazon plans to shut eight of its Go convenience stores in the US

Amazon halts construction of its second headquarters in US to cut costs

As it cuts costs across the verticals amid the ongoing economic meltdown, Amazon has now halted construction of its second headquarters in the US