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The Latest Breaking News from Andy Jassy

Tech giants are pivoting to a 'Year of Efficiency'

The year ahead will be all about refocusing on priorities for tech giants.

Fortune

Amazon Cuts Back on Stores, But Still Wants to Sell You Groceries

Amazon CEO Andy Jassy says the internet retail giant is 'working hard' at making its grocery business successful.

The Street

Apple, Alphabet and Amazon hurt as economic slump crimps demand

Apple Inc, Amazon.com Inc and Alphabet Inc, technology bellwethers with a combined market value approaching $5 trillion, posted results Thursday that show an economic slowdown is throttling demand for electronics, e-commerce, cloud computing and digital advertising — mainstays of the global tech economy.

The Times of India

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Amazon's outlook disappoints as customer budgets stay tight

Amazon.com Inc on Thursday said its operating profit could fall to zero in the current quarter as savings from layoffs do not make up for the financial impact of consumers and cloud customers clamping down on spending.

Irish Independent

Amazon reports net loss of $2.7 billion for 2022

In a year that ended with drastic cost-cutting measures — from ending experimental projects to cutting 18,000 jobs — Amazon reported a net loss of $2.7 billion.

Tribune News Service

Amazon Earnings Miss Street Forecast, But AWS Drives Revenue Beat

"In the short term, we face an uncertain economy, but we remain quite optimistic about the long-term opportunities for Amazon," said CEO Andy Jassy.

The Street

Amazon is trying to fill hundreds of open jobs even as it lays off 18,000 workers

Amazon says it's cutting jobs because of aggressive hiring during the pandemic. But Amazon is still actively trying to fill hundreds of open jobs.

Fortune

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Amazon axes AmazonSmile charity donation programme

It allowed Amazon to donate a small percentage of eligible purchases to a charity selected by shoppers

Wales Online

Amazon set to begin its largest jobs cull in history affecting 18,000 employees

Tech giant Amazon has started to axe over 18,000 jobs which is the largest in their 28-history as the company looks to adapt to the gloomy economic outlook

Daily Mirror

Amazon consults on closure of Gourock warehouse

The online retail giant is expected to try and find staff roles at other sites

Insider UK

Amazon to close three UK warehouses as part of cutting 18,000 jobs

It is the largest layoff in the company's history

Wales Online

Amazon Has Apparently Killed a Big Part of its Business

The retailer has been shedding staff and that suggests that the company is exiting a once-key growth area.

The Street

Could Jeff Bezos return as Amazon CEO? This analyst thinks so

After Amazon shed $1 trillion in value, could Jeff Bezos become the next CEO to return and save a troubled company?

Fortune

Amazon was biggest user of Irish work-permit system before planned job cuts

Amazon was the biggest user of Ireland’s work-permit system in 2022, with more than a quarter of its workforce drawn from non-European Economic Area (EEA) countries.

Irish Independent

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Investors Business Daily

Stock Market Widens Losses At Midday; Bed Bath & Beyond Sell-Off Expands

Stock market futures turned lower after two job-market reports came out before the stock market's open.

Glasgow Live

Amazon to axe 18,000 jobs as it cuts costs throughout 2023

The online retailing giant has said that they plan to cut thousands of jobs as it battles to save money throughout the cost of living crisis - meaning that 18,000 will lose out.

Al Jazeera

Amazon to cut more than 18,000 roles, CEO says

The job-slashing plan is the largest among recent workforce reductions that have affected the US tech sector.

The Street

Amazon Stock Active As CEO Andy Jassy Confirms Plans To Cut 18,000 Jobs

"Amazon has weathered uncertain and difficult economies in the past, and we will continue to do so," said CEO Andy Jassy.

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The Street

Stocks Edge Higher, Jobs Data, Amazon, Johnson & Johnson, Walgreen - Five Things To Know

Stock futures flat as Fed minutes challenge rate bets; Jobs data in focus as Fed highlights wage growth; Johnson & Johnson plans IPO for consumer health care division; Amazon confirms 18,000 layoffs as big tech sheds more jobs and Walgreens earnings on deck with pharmacy sales in focus.

Irish Mirror

Amazon Ireland job fears as firm to cut 18,000 roles globally in bid to slash costs

It is understood the job losses will include Europe, but Amazon has not given details of how each country, including Ireland, will be affected. Amazon employs around 5,000 people in Ireland.

Dynamite News

Amazon To Lay Off Over 18,000 People: CEO Andy Jassy

Amazon CEO Andy Jassy said the company planned to eliminate over 18,000 people, thousands more than originally expected. Read on for details:

Chronicle Live

Amazon set to axe 18,000 jobs worldwide in largest layoffs in its history

The online retail firm said roles that will be affected the most include those across its stores, such as Amazon Fresh and Amazon Go, as well as its human resources division

Daily Mirror

Amazon will axe 18,000 jobs amid 'uncertain economy' as it aims to cut costs

The news came from a memo sent by Chief Executive Officer at Amazon Andy Jassy, as the retail giant will slash thousands of job around the world including in Europe

France 24

In latest tech layoffs, Amazon says it will cut 18,000 jobs

E-commerce giant Amazon has announced it will lay off 18,000 people. CEO Andy Jassy says the cuts will mostly affect the human resources teams and the Amazon Stores operations, and will represent around 6 percent of the company's 300,000 corporate workforce. This comes after similar layoff plans took place at…

Evening Standard

Amazon announces fresh wave of layoffs taking total job cuts to 18,000

CEO Andy Jassy said the move was about ‘finding a way to do more for customers at a lower cost’

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Tanaiste Leo Varadkar

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