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Tag: Amazon

Amazon cuts jobs in books division amid broader efficiency push
Tech

Amazon launches first independently owned subsea cable project

Amazon is developing its first fully owned subsea fiber-optic cable, named Fastnet, to link United States with Ireland. Subsea fiber-optic cables handle more than 95 per cent of global international data and voice traffic, transmitting hundreds of terabits per second, including government communications, financial transactions, emails, video calls, and streaming services. Amazon has previously participated […]

Amazon cuts jobs in books division amid broader efficiency push
Tech

Amazon to cut 14,000 corporate jobs amid AI investment push

Amazon on Tuesday announced plans to cut about 14,000 corporate jobs as it trims management layers to reduce costs while ramping up investments in artificial intelligence. The company had around 1.56 million full- and part-time workers at the end of last year, including roughly 350,000 in corporate roles. The decision is part of efforts to […]

Amazon cuts jobs in books division amid broader efficiency push
Technology

New AI robotics could see Amazon avoid hiring 160,000 workers

Amazon announced on Wednesday that it is accelerating the automation of its warehouses using artificial intelligence and robotics, a move that immediately raises questions about the future of its human workforce. The e-commerce giant, which is known for its promise of quick deliveries and is the second-largest employer in the United States, showcased robotic arms […]

Amazon cuts jobs in books division amid broader efficiency push
Tech

Amazon unveils ‘Blue Jay’ robot to streamline warehouse operations

Amazon on Wednesday introduced Blue Jay, a new robotic system designed to perform multiple warehouse tasks simultaneously. The system features a series of robotic arms suspended from a conveyor-style track, each equipped with suction cups to handle items of various shapes and sizes. According to Amazon, Blue Jay merges what were previously three separate robotic […]

Tech

Amazon resolves major outage disrupting websites, apps worldwide

Amazon Web Services says it has resolved the major outage that caused widespread connectivity problems for numerous popular websites and apps globally. In an update on Monday, AWS confirmed that the “underlying DNS issue has been fully mitigated,” adding that most of its service operations are now running normally. “Some requests may be throttled while […]

Tech

Snapchat, Duolingo, banks, airlines down after major Amazon services outage

Airline websites, including Delta Air Lines and United Airlines, experienced partial outages on Monday following a disruption in Amazon Web Services, which supports many online platforms. “We can confirm increased error rates and latencies for multiple AWS Services in the US-EAST-1 Region,” Amazon said on its AWS dashboard early Monday. “During this time, customers may […]

Life Style

Bezos’ ex-wife slashes Amazon stake by 42% for charity

Billionaire philanthropist MacKenzie Scott has significantly reduced her stake in Amazon.com Inc. by a massive 42 per cent over the last year, according to a regulatory filing made public on Tuesday, dated September 30. The filing shows that Scott now holds 81.1 million Amazon shares, a sharp drop from the 139 million she held a […]

Amazon cuts jobs in books division amid broader efficiency push
Tech

Amazon fires Palestinian engineer over protest against Israel ties

Amazon has dismissed a Palestinian software engineer, Ahmed Shahrour, who was previously suspended for protesting the company’s business dealings with the Israeli government. Shahrour, who worked with Amazon’s Whole Foods division in Seattle, received an email on Monday notifying him of his termination. His suspension in September followed internal Slack posts criticizing Amazon’s collaboration with […]

Amazon cuts 100 Jobs in devices, services unit
Business

Amazon pays $2.5bn for ‘misleading’ Prime customers

Amazon has agreed to pay $2.5 billion to settle claims that it misled millions of customers into enrolling in its Prime service and made it difficult for them to cancel. The Federal Trade Commission announced that $1.5 billion of the total will be refunded to customers who were unwittingly signed up for the subscription. According […]

Business featured

Nigeria collects over ₦600bn VAT from Facebook, Amazon, Netflix

The Special Adviser on Tax Policy to the Chairman of the Tax Reforms Committee, Mr Mathew Osanekwu, has revealed that Nigeria has successfully collected over ₦600bn in Value Added Tax from global digital service providers such as Facebook, Amazon, and Netflix. He explained that amendments to the VAT Act had empowered the Federal Inland Revenue […]

Amazon plans stand-alone app for payments in India
Tech

Amazon halts Prime free shared shipping

Amazon is discontinuing a feature that let Prime members extend free shipping benefits to non-household users, notifying customers that the Prime Invitee Program will end on October 1. This was disclosed in a according to a notice, according to CNBC. “We are writing to inform you that the Prime Invitee Program, which allowed sharing Prime’s […]

Tech

Amazon offers $1bn in cloud discounts to US agencies

Amazon Web Services will offer up to $1 billion in discounts to United States federal agencies for cloud services, modernisation, and training through 2028, the General Services Administration announced Thursday. The deal aims to accelerate cloud migration and the use of artificial intelligence across government agencies. “AWS’s partnership with GSA demonstrates a shared public-private commitment […]

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