Amazon is set to lay off 9,000 employees, the latest in an on-going series of job cuts. The layoffs will primarily effect the company’s cloud computing, Twitch live-stream, and advertising departments, CEO Andy Jassy said in a message to employees Monday (March 20). The cuts...
The prospects for global broadband connectivity are looking up, quite literally. This, as Amazon on Tuesday (March 14) revealed a first look of the latest progress in its planned constellation network of 3,236 low Earth orbit (LEO) satellites. Codenamed Project Kuiper, Amazon’s latest push to own every...
Amazon is scaling back its cashierless Go stores, the latest in a series of cost cuts. The move also comes as the giant retailer is tinkering with its physical grocery business. “Like any physical retailer, we periodically assess our portfolio of stores and make optimization...
Amazon has reportedly upped its investment in ultrafast delivery amid increased competition from rivals. A key part of its delivery strategy is Amazon’s network of “same-day site” warehouses, The Wall Street Journal (WSJ) reported Sunday (Feb. 26). The report notes that Amazon has opened about...
Amazon’s chief executive says the company is committed to reviving its struggling physical grocery business. “We’re just still in the early stages,” Andy Jassy told the Financial Times (FT) in an interview published Monday (Feb. 13). “We’re hopeful that in 2023, we have a format...
Nineteen months and $1 trillion of lost market value later and Amazon CEO Andy Jassy is fast approaching a second anniversary and a reckoning. This, as talk of Jassy struggling to put his own stamp on the company he took over from billionaire founder Jeff Bezos in...
Since opening its first London store in 2021, Amazon Fresh has eschewed manned checkout stations. Following a model pioneered in the U.S., it has opted to kit each store with its “Just Walk Out” cashierless checkout technology instead. But recent reports suggest that for the...
Having conquered retail with its digital marketplace, Amazon is taking on grocery with omnichannel offerings. The eCommerce giant appears to be trying out a new brick-and-mortar format on a site that was previously home to a New Seasons Market grocery store. According to a filing...
After closing the books on a better-than-expected fourth quarter but a harder-than-expected year, Amazon CEO Andy Jassy stressed that more work needed to be done in order to restore the brand to its pre-pandemic cost structure. “I think probably the number one priority that I...
