Tag: Amazon

Shares in Amazon surged by 7% during after-hours trading on Thursday night after the eCommerce and cloud computing giant outperformed analysts' expectations in its second-quarter financial results. Net sales for the three months ending June was $134.38 billion, exceeding analysts' expectations of $131.63 billion with...

E-commerce giant Amazon is making another controversial move as part of the company’s push to have its workers back in the office. According to a recent report by Bloomberg, Amazon will have some of its employees relocate in order to ensure they comply with...

Tech giants Amazon and Google have been conducting widespread layoffs in recent months in attempts to cut costs and have a more efficient organization. And while this method worked out for the companies in the United States, they are struggling to implement it in...

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...