Amazon

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Amazon Puts Brakes on Its Charity Program

Program didn't have enough 'impact,' despite $500M in donations since 2013

(Newser) - Amazon is ending its charity donation program, AmazonSmile, as it seeks to cut costs. Through the program, Amazon donated 0.5% of the cost of eligible purchases to a charity chosen by the shopper, per the Verge . The company says it has donated some $500 million to charities since the...

Amazon Confirms Plan to Cut 18K Jobs

That's up from the 10K earlier announced

(Newser) - Amazon has confirmed that it is planning to lay off more than 18,000 workers—the most of any large tech company, though not as a percentage of employees. After the Wall Street Journal reported on the layoffs Wednesday, Amazon CEO Andy Jassy issued a statement . "We typically wait...

Amazon Driver Accused of Dog-Napping

Dena Vindiola says it was an honest misunderstanding, but trial is set in California

(Newser) - An Amazon delivery driver in California is in legal trouble for an unusual reason—she's accused of stealing a customer's dog. Dena Vindiola says it was all an honest misunderstanding, reports NBC San Diego , but a judge in Encinitas has a scheduled a trial next month. The saga...

Pentagon Splits Up Disputed Cloud Contract

Amazon, Google, Microsoft, and Oracle will each have a piece of potential $9B deal

(Newser) - The Pentagon announced Wednesday that it has resolved the long-running battle among tech giants for its cloud computing contract by giving everybody a piece of the pie. Google, Oracle, Microsoft, and Amazon each won part of the deal that could total $9 billion by the time the Joint Warfighting Cloud...

Report Details 'Enormous, Virtually Irreversible' Loss in Amazon

Region has lost 10% of its native vegetation since 1985, an area the size of Texas, per Raisg

(Newser) - The Amazon region has lost 10% of its native vegetation, mostly tropical rainforest, in almost four decades, an area roughly the size of Texas, a new report says. From 1985 to 2021, the deforested area surged from 190,000 square miles to 482,000 square miles, unprecedented destruction in the...

Amazon Is Preparing a Major Round of Layoffs
Amazon's Mass Layoffs
Will Extend Into Next Year
UPDATED
Nov 18, 2022 12:04 AM CST

Amazon's Mass Layoffs Will Extend Into Next Year

Company's workforce has doubled to 1.5M since 2019

(Newser) - Amazon's mass layoffs did indeed begin this week, CNN reports, and the company's CEO sent a note to employees Thursday saying they will extend into next year. "I’ve been in this role now for about a year and a half, and without a doubt, this is...

Amazon Is First Company to Lose $1T in Market Value

Share price has fallen almost 50% this year

(Newser) - Just over four years ago, Amazon became the second US company to reach a $1 trillion valuation, weeks after Apple hit the same milestone. The e-commerce giant has now reached a more unwelcome milestone, becoming the first company in the world to lose $1 trillion in value, Bloomberg reports. Amazon'...

Amazon Opens Music Catalog to Prime Members

Members will get access to 100M songs for free, at least on shuffle mode

(Newser) - Amazon Music is gearing up for a massive content expansion: The streaming giant will offer a full catalog of music with more than 100 million songs for Prime members. The streaming service told the AP that members will gain hundreds of millions of songs—a huge increase from 2 million—...

Jeff Bezos Could Lose $23B Today
Jeff Bezos
Could Lose
$23B Today
Oct 28, 2022 2:22 AM CDT

Jeff Bezos Could Lose $23B Today

If Amazon stock plunge carries into Friday's trading

(Newser) - Amazon is the latest tech giant to report disappointing third-quarter earnings , with its Q3 results missing revenue estimates, per CNBC . The sales forecast for Q4 also fell short of analysts' expectations. After the report, Amazon stock plunged as much as 21% in after-hours trading after market close Thursday, Bloomberg reports....

Cops Make Horrific Find After Amazon Van Left Running

Driver was killed in suspected dog attack

(Newser) - Police in Excelsior Springs, Missouri, say they found a horrific scene Monday evening after neighbors reported that an Amazon delivery van had been parked outside a home for several hours with its engine running. Ray County Sheriff Scott Childers says deputies found a man's body in the yard along...

Lawsuit Says Amazon Sells 'Suicide Kits' to Teens

Suit blames two deaths on the company

(Newser) - Two families have filed a lawsuit against Amazon, accusing the retail giant of not only selling but essentially curating "suicide kits." Per NPR, the complaint accuses Amazon of assisting in the suicides of two teenagers by selling sodium nitrite and then recommending other products, including a scale, an...

Amazon Is Doubling Down on Prime Day

There'll be another sale next month, the first time company has had 2 in one calendar year

(Newser) - If one Amazon Prime Day in 2022 wasn't enough for you, you're in luck: On the heels of its annual summer sale exclusively for Prime members, Amazon is hosting another one next month. The 48-hour preholiday event, called the "Prime Early Access Sale," will take place...

Agency: Don't Buy Amazon's Male-to-Male Extension Cord

Electrocution is just one possible outcome of its use

(Newser) - Some user reviews call them "suicide cords," and while the US Consumer Product Safety Commission didn't go that far, it did make clear this week that a certain electrical cord sold by Amazon is a bad and dangerous idea. Just don't buy it, the agency announced....

Gaiman Mocks Musk After He Knocks Rings of Power

Tesla CEO not a fan, Gaiman doesn't care

(Newser) - Lord of the Rings prequel The Rings of Power is doing well for Amazon, having been viewed by more than 25 million on its debut day on Prime Video last week —a record high for an Amazon original. But don't count Elon Musk among the show's fans....

Amazon Defends Giving Police Ring Footage

In 11 cases, user didn't give permission

(Newser) - Amazon has provided Ring doorbell footage to law enforcement 11 times this year without the user’s permission, a revelation that’s bound to raise more privacy and civil liberty concerns about its video-sharing agreements with police departments across the country. The disclosure came in a letter from the company...

On This Prime Day, 'Pain Is Considerable' for Amazon

One of company's biggest annual events comes amid excess costs, sluggish online sales growth

(Newser) - Amazon is heading into its annual Prime Day on Tuesday much differently than how it entered the pandemic. The company has long used the two-day event—one of its biggest all year—to lure people to its $139 Prime membership. Amazon doesn't disclose total Prime Day sales, though growth...

Amazon's Staff Turnover Rate May No Longer Be Sustainable

Internal memo reveals fears of exhausting available US labor pool by 2024

(Newser) - With its sky-high staff turnover rate, Amazon fears it could run out of US workers by 2024, an anxiety that could force higher wages or increased automation. That's according to leaked internal research from mid-2021 as seen by Recode . "If we continue business as usual, Amazon will deplete...

Amazon Rolls Out Abortion-Travel Benefit

Benefit applies to those who need to travel more than 100 miles

(Newser) - On the same day that a Supreme Court opinion was leaked, suggesting Roe v. Wade may be overturned , Amazon told staff that it would pay up to $4,000 in travel expenses annually for abortion and other non-life threatening medical treatments. In a Monday memo obtained by Reuters , Amazon said...

Amazon Workers in NYC Vote to Reject Union

Retail giant fends off 2nd union win

(Newser) - Amazon warehouse workers rejected a union bid on Monday, dealing a blow to organizers who last month pulled off the first successful US organizing effort in the retail giant’s history. This time around, warehouse workers cast 618 votes—or about 62%—against the union, giving Amazon enough support to...

Amazon Stock Falls After Loss
Amazon Loses Nearly $4B
Apr 28, 2022 6:20 PM CDT

Amazon Loses Nearly $4B

Shares fall 10% after quarterly results

(Newser) - Amazon on Thursday reported its first quarterly net loss since 2015: $3.8 billion in the three months ended March 31, after posting a profit of $8.1 billion in the same period last year. Analysts surveyed by Refinitiv had expected a profit of $4.4 billion, CNN reports. Amazon...

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