Page 43 - Amazon

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

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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

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"