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UNCOVERED: 15 - The Untold Story

Is ‘shareholder supremacy’ driving the layoffs in tech?

Listed firms put their shareholders first when making decisions even if it leaves employees susceptible to job cuts.

Andy Jassy Thinks AI Can Save Amazon’s Troubled Cloud Business

Andy Jassy Thinks AI Can Save Amazon’s Troubled Cloud Business

Amazon's AWS is equipped with AI that can help daily businesses that use it for data purposes helping it's cloud business.

Amazon slowed hiring and conducted layoffs in its HR team

Amazon slowed hiring and conducted layoffs in its HR team

Amazon is shifting investments to its noncore businesses and international expansion after slowing e-commerce sales and layoffs.

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Amazon Web Services rolls out new hiring restrictions

In a leaked memo, AWS tells hiring managers about new constraints in place to control headcount growth.

Amazon's cloud comment jolts investors

Amazon.com Inc signalled on Thursday its long lofty cloud growth would slow further as its business customers braced for turbulence and clamped down on spending, overshadowing the company's quarterly sales and profit that topped expectations.

A wave of A.I. spending could revive Amazon's sputtering cloud growth

Amazon CEO Andy Jassy is vying for A.I. customers to bring their processing power to AWS.

Amazon beats expectations in first quarter earnings as shares jump 11%

E-commerce behemoth, in the midst of aggressively cutting costs including laying-off 27,000 workers, reported revenue growth

The Guardian - US

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Amazon earnings highlight a fairly positive quarter for Big Tech despite big cuts

Amazon earnings highlight a fairly positive quarter for Big Tech despite big cuts

Amazon reported more than $127 billion in revenue in its Q1 2023 financial earnings report.

Android Central

Amazon stocks surge after Q1 revenue, profit wins

Amazon stocks surge after Q1 revenue, profit wins

Amazon on Thursday reported a slowdown in its cloud computing unit AWS, but stronger-than-expected revenue and profits for the first quarter sent its stocks higher in after-hours trading

The Independent UK

AWS CEO warns of some potential big changes this year

AWS CEO warns of some potential big changes this year

Amazon’s not all that bothered about the short-term wobbles, it seems, as CEO Andy Jassy looks to the future.

Amazon CEO Andy Jassy took nearly a 99.4% pay cut from 2021 to 2022

Amazon CEO Andy Jassy took nearly a 99.4% pay cut from 2021 to 2022

Jassy had a smaller compensation package than Amazon founder Jeff Bezos in 2022, as well as peers in Big Tech like Apple's Tim Cook and Microsoft's Satya Nadella.

Amazon is launching its new A.I. game plan

Amazon is launching its new A.I. game plan

Amazon is joining the A.I. race with a strategy that differs from other tech giants’.

Amazon CEO Andy Jassy is doubling down on his return to office mandate

Amazon CEO Andy Jassy is doubling down on his return to office mandate

Amazon’s New York and Austin offices reportedly won’t be ready to open until September, despite a mandate for staff to be back at their desks from May.

Amazon CEO Andy Jassy has identified the business’ next frontiers

Amazon CEO Andy Jassy has identified the business’ next frontiers

Catering to a range of Amazon customers' basic needs makes up part of Jassy's strategy moving forward.

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The Independent UK

Amazon's Jassy says AI will be a 'big deal' for company

Amazon CEO Andy Jassy signaled confidence the company will get costs under control in his annual letter to shareholders

Digital Camera World

DPReview is being shut down by Amazon today – "what a waste" says founder

DPReview is closing after almost 25 years, and founder Phil Askey puts Amazon on blast for the baffling decision

Amazon warning as retailer to close popular online book shop

The online retailer giant announced the closure as they continue to shake up the business and make cuts in a bid to save money.

Birmingham Post

Amazon set to close its Book Depository online shop amid global job cuts

Gloucestershire-founded Book Depository was acquired by the retail giant in 2011

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The Guardian - UK

Amazon to close Book Depository online shop

Gloucester-based bookseller bought by the retail giant in 2011 will shut at the end of April

Just Eat issues major update following Tesco and Amazon moves to cut costs

Job cuts and changes to loyalty schemes are being made

AWS layoffs: Why Amazon is cutting staff from its most profitable division

Amazon has announced it will make a significant portion of staff redundant at its cloud division in the latest round of cuts. The tech giant confirmed on Monday it intends to lay off 9,000 additional staff following an initial round of cuts that saw more than 18,000 roles erased in…

Amazon announces thousands more jobs to go, with AWS bearing the brunt

Amazon sheds a further 9,000 workers as it continues to streamline costs and headcounts.

Asharq Al-Awsat

Amazon Deepens Tech-sector Gloom with Another 9,000 Layoffs

Amazon.com Inc on Monday said it would axe another 9,000 roles, piling on to a wave of layoffs that has swept the technology sector as an uncertain economy forces companies to get leaner. In a remarkable turn for a company that has long touted its job creation, Amazon will have…

The Guardian - UK

Amazon to cut another 9,000 jobs in new round of layoffs

Redundancies to take place mostly in cloud services, advertising and Twitch livestreaming units

Android Central

Amazon to lay off 9,000 more employees as Big Tech continues shedding workforce

Amazon is eliminating roughly 9,000 more positions to make the company leaner. This follows its previous move to lay off 18,000 employees.

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