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Amazon, Google, Apple, Meta, Microsoft meet EU over gatekeeper status
Business

Amazon, Google, Apple, Meta, Microsoft meet EU over gatekeeper status

Alex Omenye Alphabet’s Google, Amazon, Apple, Meta, and Microsoft have alerted the European Commission that they qualify as gatekeepers, according to EU industry director Thierry Breton. Under the new EU IT regulations, companies with a market capitalization of 75 billion euros and more than 45 million monthly active users are regarded as gatekeepers offering a […]

Billionaire Jeff Bezos sells $2bn Amazon shares
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Amazon to pay $30m settlement for spying on customers

Amazon has agreed to pay $30.8 million to resolve allegations that it breached customers’ privacy by spying on women in their homes. Aljazeera reported that the internet giant agreed to pay out $5.8m after the US Federal Trade Commission claimed that a former Amazon employee had used Ring security cameras installed in bathrooms and bedrooms to […]

Amazon launches general-purpose AI agent Nova Act
Business

Amazon optimises delivery to cut cost

E-commerce company, Amazon has announced that it has optimized its delivery network after the COVID-19 pandemic to improve delivery speed, reduce costs, and lower carbon emissions. The renowned online retailer has managed to reduce delivery times by reshaping its inventory management system and search capabilities to show customers the products closest to them. According to […]

Amazon launches general-purpose AI agent Nova Act
Business

Amazon to open more warehouses in Europe

Amazon is planning to increase its presence in Europe by opening new warehouses and hiring more employees, despite the global economic downturn leading to cost-cutting measures and layoffs. According to Reuters, the company has invested €142 billion in Europe since 2010 and has seen growth in the region due to increased online shopping during COVID-19 […]

Amazon deploys AI to enhance product review
Business

Amazon launches anti-counterfeiting programme

Amazon on Thursday announced the launch of its Anti-Counterfeiting Exchange programme, which aims to help retail stores label and monitor counterfeits on its marketplace platform. The programme seeks to tackle organized crime and fake merchandise on the platform by allowing stores and Amazon marketplace sellers to contribute information and records anonymously to a third-party database […]

The logo of Amazon's Zappos as a screen lock
Business

Amazon’s Zappos cuts 20% off workforce

Amazon subsidiary Zappos, an online shoe and clothing seller, cuts off about 20% of its workforce in January. This is according to those who know Zappos, and the company’s memo accessed by The Wall Street Journal. The company’s jobs cut of over 300 staff is part of Amazon’s broader lay off plan of 18000 workers. […]

Amazon deploys AI to enhance product review
News

Amazon to fire 18,000 workers

E-commerce giant Amazon, has revealed its plans to cut 18,000 jobs, as the company battles to reduce cost. According to the British Broadcasting Corporation, the online retailer, which employs 1.5 million people worldwide, did not specify which nations will be affected, but stated that they would include Europe. The majority of the job losses will […]

Amazon deploys AI to enhance product review
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Amazon shuts down wholesale business in India

The United States online retailer Amazon on Monday said that it would shut down its wholesale distribution business in India as it moved to focus more on its core retail business. Amazon Distribution, its wholesale e-commerce website available to small neighbourhood stores in Bengaluru, Mysore and Hubli, was designed to help small stores, pharmacies and […]

Amazon deploys AI to enhance product review
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Amazon to lay off 10,000 workers

The world’s largest online retailer, Amazon, is expected to lay off 10,000 of its employees. According to a report by New York Times citing anonymous sources, the development will target the devices group, including the one responsible for the Alexa voice assistant, along with the retail division and human resources. Given that Amazon has over […]

Amazon deploys AI to enhance product review
Business

California sues Amazon for alleged price inflation

California filed a lawsuit Wednesday accusing Amazon of using its market influence to prevent merchants from offering buyers better deals elsewhere online, in violation of state antitrust law. Amazon pressures merchants not to list items at lower prices on other websites, which hurts sellers and consumers, California Attorney General Rob Bonta said in the lawsuit. […]

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