Tag: Amazon

Amazon continues to trim its workforce as the company looks to cut costs and run a more efficient organization. The company’s CEO Andy Jassy sent out a memo to the staff on Monday informing them that 9,000 employees will be laid off in the...

Electric car maker Rivian could soon be able to offer its electric delivery vans to other companies besides e-commerce giant Amazon. Multiple reports indicate that the two companies are renegotiating the exclusivity agreement they made several years ago. Back in 2019, Rivian pledged to sell...

E-commerce giant Amazon announced it would close down several of its cashierless Amazon Go stores. According to the company, eight Amazon Go stores in Seattle, San Francisco, and New York will permanently cease operation on April 1st. Reportedly, the decision to close the stores—two in...

Amazon stocks hit a 52-week low on Tuesday, with the company's share value down 50.3% for the year to date. This comes as the company is pressured by the release of a poor government retail sales report for November. "Consistent with our recently published 2023...

The shares of video-game maker Electronic Arts (EA) saw a healthy jump on Friday amid rumors that the company will be bought by e-commerce giant Amazon. But as it turns out, this was just a rumor, and there is no deal or even negotiations...

UnitedHealth and Amazon are the latest companies to enter the battle to acquire Signify Health Inc. They join the likes of CVS Health Corp. and Option Care Health Inc. in a race to seize ownership of the home-health technology and services provider. According to sources...