Amazon news and archive

Amazon to cut 9,000 more jobs, CEO confirms

Amazon CEO Andy Jassy said Monday he was cutting 9,000 more jobs from the online retail giant's workforce, following the 18,000 that were axed in January. "Given the uncertain economy... and the uncertainty that exists in the near future, we have chosen to be more streamlined in our costs and headcount," Jassy said in a memo to staff. The...

20 Mar 2023

Business

'It's hard to survive', say striking UK Amazon workers

"Amazon won't give you anything if you don't fight for it," a union organiser shouted through a bullhorn as dozens of disgruntled workers staged a strike outside the US tech warehouse in Coventry, central England. "We're asking for a raise. One of my children has eczema, I told him to take a bath every other day, I can't pay for the hot water,"...

3 Mar 2023

Business

Amazon CEO confirms back-to-office plans

Three years on from the beginning of the pandemic and many companies are still attempting to strike a balance between at-home and in-office working formats that has seen many become reliant on a hybrid model. However, for Amazon, it appears such a layout may not be apparent for much longer. A blog update from the marketplace giant’s CEO Andy...

21 Feb 2023

Retail

Amazon's Zoox robotaxis take to California roads

The Amazon subsidiary Zoox on Monday said its self-driving vehicles with no manual controls took to California public roads over the weekend, calling it a major breakthrough for the robotaxi industry. Use of the boxy electric vehicles is to be limited to full time employees who will be able to use the service only to travel the short distance...

14 Feb 2023

Fashion

Amazon broke law in anti-union campaign, judge rules

A US administrative judge has ruled that Amazon broke labor laws by threatening to withhold wage and benefits increases from employees at two New York warehouses if they voted to unionize. The judge, in his decision dated Monday, found that company officials had illegally suggested that unionized employees would have their pay frozen during...

1 Feb 2023

Business

UK Amazon workers strike amid cost-of-living crisis

Online retail giant Amazon was Wednesday facing its first strike by UK workers, who are protesting over a pay rise deemed unacceptable in a cost-of-living crisis. A few hundred workers at a warehouse in Coventry, central England, have walked out over a pay increase worth five percent, less than half the current UK inflation rate. It comes as...

25 Jan 2023

Business

Rent the Runway partners with Amazon Fashion on pre-loved offer

Rent the Runway has announced a new partnership with Amazon Fashion which sees it launch a storefront on the marketplace’s website to sell a selection of its pre-loved and Design Collective apparel. Among the rental brand’s pre-loved merchandise will be hundreds of styles from over 35 brands, spanning casual wear, workwear, eveningwear and...

13 Jan 2023

Business

US labor board upholds landmark Amazon union vote

Amazon's objections to a landmark unionization vote by workers in one of the retail giant's US warehouses have been thrown out, the US National Labor Relations Board (NLRB) ruled Wednesday. The federal agency tossed out the arguments put forth by Amazon against the 2022 vote at its warehouse in Staten Island, New York, and said in a statement...

12 Jan 2023

Business

Amazon to shut three UK warehouses, 1,500 jobs at risk

Amazon UK is reportedly planning to close three of its warehouses in the UK, putting some 1,500 jobs at risk. Warehouses in Hemel Hempstead, Doncaster, and Gourock in Scotland have been proposed for closure, Sky News reports. They will be replaced by two new major fulfilment centres in Peddimore and Stockton-on-Tees. Amazon told Sky News that...

11 Jan 2023

BusinessFeatured

Amazon to cut 18,000 jobs amid economic uncertainty

Retail behemoth Amazon said it will cut over 18,000 jobs, the largest number of employee terminations in its history, as it faces rising costs in an “uncertain economy.” In a memo to staff, CEO Andy Jassy said Amazon managers had been looking at the company’s workforce levels and that it had to make the “difficult decision to eliminate roles.”...

5 Jan 2023

Business

Amazon snaps up eight billion dollar loan in preparation of slowing growth

Marketplace giant Amazon has said it secured an eight billion dollar loan after reaching an agreement with certain lenders. As revealed in a SEC filing, the company’s term loan will mature in 364 days, with an option to potentially extend for a further 364 days. The proceeds will be used for “general corporate purposes”. It comes as the company...

5 Jan 2023

Business

UK Amazon workers to strike for first time over pay

Amazon workers in the UK have announced plans to strike against the tech giant for the first time over a pay dispute. The action was announced by GMB Union, who said employees of Amazon’s Coventry warehouse are set to stage a walk out on January 25. According to the union, a December ballot saw the majority of workers vote in favour of the...

5 Jan 2023