Amazon News

• Waterloo Region increased levy by $13.9M once it learned Amazon was to be tenant: developer

  The developer behind the building in Cambridge which will soon house an Amazon fulfillment centre has lodged a protest against a $13.9 additional levy from Waterloo Region.

  Canada

  Jun 21, 2023
  
• Amazon revenue beat driven by online shopping demand, cloud unit

  Amazon.com Inc's first-quarter revenue beat estimates on Thursday, helped by resilient demand for online shopping and cloud services businesses.

  Money

  Apr 27, 2023
  
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• Amazon slashing 9,000 jobs in second round of layoffs

  Amazon CEO Andy Jassy said the company had added substantial amount of staff in the past few years, but the uncertain economy has forced it to choose cost and headcount cuts.

  Tech

  Mar 20, 2023
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• More Amazon layoffs are coming in 2023, CEO says

  Amazon.com Inc said on Thursday there would be more role reductions as its annual planning process extends into next year and leaders continue to make adjustments.

  Tech

  Nov 18, 2022
• Amazon is planning to lay off around 10K employees starting this week: source

  The cuts, earlier reported by the New York Times, would represent about three per cent of Amazon's corporate staff.

  Tech

  Nov 14, 2022
• Russia fines Amazon for 1st time over banned content in country

  Interfax news agency reported that Amazon's fines concerned content about the distribution of drugs and information about how to commit suicide.

  World

  Oct 18, 2022
• Amazon predicts disappointing holiday quarter amid supply chain slump 

  After a year of blockbuster results, the world's largest online retailer is facing a tougher outlook.

  Consumer

  Oct 28, 2021
• Amazon cuts jobs in Seattle as search for HQ2 location continues

  Amazon is cutting hundreds of jobs in its consumer business in Seattle as the company shifts resources into fast-growing areas like its work on voice assistant Alexa.

  Money

  Feb 12, 2018