More than 1,000 Amazon employees have reportedly signed an open letter addressed to CEO Andy Jassy and the company’s senior leadership team, expressing grave concerns about the tech giant’s aggressive rollout of AI and its potential consequences.
Amazon CEO Andy Jassy has attributed his company’s decision to slash 14,000 jobs to issues with “culture” rather than prior overhiring or AI, despite warning over the Summer that AI-driven job cuts would be coming.
Amazon’s stock price surged more than 10 percent on Friday morning following the release of its latest earnings report, which highlighted the impressive growth of its cloud computing division, Amazon Web Services (AWS). AWS caused a significant portion of the internet to crash just over a week ago, causing concern for current and potential customers alike.
Amazon plans to eliminate approximately 14,000 corporate positions in the coming months, as CEO Andy Jassy turns to AI to streamline the company’s workforce and reduce expenses. Jassy worked the company’s employees that AI-driven job reductions would be coming soon.
Amazon CEO Andy Jassy stated in a memo to employees this week that the company expects AI to reduce its workforce in the coming years, affecting both white-collar and warehouse workers.
Amazon’s CEO Andy Jassy has revealed that the company has not seen significant changes in average selling prices or consumer spending habits based on Donald Trump’s tariff policy. His statements at Amazon’s annual shareholder meeting serves as another nail in the coffin for warnings of economic doom spouted by hysterical Trump haters.
In a major reversal, Amazon has reportedly raised its ad spending on Elon Musk’s X platform. The move comes after the tech giant pulled much of its advertising more than a year ago.
In his annual letter to shareholders, Amazon CEO Andy Jassy touted the transformative potential of generative AI while also committing to ongoing cost-cutting measures.
Amazon Prime Video is facing backlash from subscribers over changes to its streaming service that now includes ads by default. Some subscribers are so upset that they have filed a class action lawsuit against the e-commerce giant, alleging that the service they paid for is now “something worth less,” and that Amazon’s actions are “deceptive.”
Amazon is reportedly building its own powerful AI system, codenamed Olympus, to compete with OpenAI’s ChatGPT, Google Bard, and other popular AI platforms. The company hopes to integrate Olympus into its e-commerce platform and even Alexa to “enhance” the smart home assistant’s performance.
Amazon CEO Andy Jassy has unequivocally told employees that non-compliance with the company’s return-to-office mandate “is probably not going to work out for you.”
Amazon has reportedly removed several “garbage books” falsely attributed to real authors, believed to be churned out using generative AI, after initially refusing to do so. It took a public backlash from authors and organizations for the tech giant to remove the bogus books from its website.
The FTC is set to file a landmark antitrust lawsuit against e-commerce giant Amazon. The federal agency believes Amazon uses its market dominance to unfairly disadvantage sellers on the platform who don’t use its logistics services.
E-commerce giant Amazon has warned investors about the decelerating growth in its cloud computing division, Amazon Web Services (AWS), even as the company implements aggressive cost-cutting measures and invests in artificial intelligence.
Amazon has announced yet another round of layoffs after letting go of 18,000 workers in November. This time the e-commerce giant will lay off 9,000 employees.
Corporate employees at Amazon will reportedly receive compensation that falls far short of expectations due to Amazon’s declining stock price. Amazon’s 35 percent drop in share price will result in corporate employees receiving total compensation worth 15 percent to 50 percent less than their target values.
Amazon’s corporate employees are pushing back on the company’s recent return-to-office orders. One employee reportedly commented, “By arbitrarily forcing return-to-office without providing data to support it and despite clear evidence that it is the wrong decision for employees, Amazon has failed its role as Earth’s best employer. I believe this decision will be detrimental to our business and is antithetical to how we make decisions at Amazon.”
E-commerce giant Amazon recently reported fourth-quarter sales beating analysts’ estimates, but reported its first unprofitable year since 2014 due largely to its fizzling investment in electric truck builder Rivian. The company’s sluggish first-quarter guidance has caused its stock to drop more than four percent in morning trading.
Amazon, which has faced nationwide strikes across the United States, has now experienced its first-ever strike in the United Kingdom, at the tech giant’s warehouse in Coventry, England, where protestors said “robots are treated better” than human employees.
E-commerce giant Amazon has reportedly shut down its “AmazonSmile” charity donation program as part of its ongoing cost-cutting measures.
E-commerce giant Amazon has failed in its recent efforts to overturn a union vote at its JFK8 facility in Staten Island.
Amazon CEO Andy Jassy has explained why he hasn’t pulled an antisemitic documentary from the company’s Prime Video store despite mounting pressure from celebrities and news media — neglecting to mention the company’s history of removing other controversial films from
Data collected through workplace inspections at Amazon warehouse facilities found that the company’s pace of work greatly increases the risk of injury for its employees. Workplace regulators reportedly say that the risk of debilitating muscle and joint injuries is off the charts.
Amazon had to walk back an announced pay raise for corporate employees after a computer glitch miscalculated their compensation, according to internal emails obtained by Business Insider. Managers were advised that they would have to prepare for an “uncomfortable conversation” with employees losing out on the raise they were promised.
Amazon announced a $2 billion loss for the second quarter this week. Although the company performed well against expectations for sales, the e-commerce giant also took a massive hit over its large investment in electric truck company Rivian.
Amazon is continuing its expansion into the healthcare industry, announcing the acquisition of One Medical clinics in a $3.9 billion deal.
The Wall Street Journal has revealed in an exclusive report that e-commerce giant Amazon has been reducing the number of items it sells under its own brands due to poor sales in recent months. The company is also facing intense regulatory pressure over its private label business, which is accused of using sales data from other brands on the Amazon platform to hijack their customer base with an inferior copy of their products.
Amazon is well-known for its strict employee time tracking and quick firing of workers it believes are not performing adequately. Now, internal documents provide greater insight into how Amazon keeps track of its workers every minute. Spreadsheets reportedly show that Amazon tracks workers down to the minute, including the amount of time they spend in the bathroom and other violations such as “talking to another Amazon associate.”
Leaked documents reportedly show that Amazon employees are quitting at twice the rate of recent years due to low pay and increased competition. The documents show that “regretted” attrition, the loss of employees that Amazon wanted to keep, has reached more than 12 percent, or double the recent average.
E-commerce giant Amazon has suffered a significant drop in share value following a recently reported loss in the first quarter of 2022 of $3.8 billion. As of Friday afternoon, Amazon shares are down more than 15 percent in intraday trading.
E-commerce giant Amazon is facing yet another union vote, this time at a facility directly across the street from the Staten Island warehouse that recently voted to unionize.
Amazon CEO Andy Jassy stated in a recent interview that he believes his workers are “better off” without a union and that the company’s high injury rate is “misunderstood.”
Amazon reportedly plans to object to a recent union election victory at its Staten Island warehouse, alleging that organizers pressured workers into voting.
The SEC has reportedly launched an investigation into how Amazon discloses details of its business practices, including how it uses third-party seller data. The company stands accused of using data from third-party sellers to decide when to make its own private-label products, unfairly competing with the very companies that generate its sales.
An automatic word monitor in a new Amazon worker chat app will ban a variety of words and phrases, such as “union,” “fairness,” “pay raise,” “slave labor,” and “master,” among other terms, according to internal documents obtained by the Intercept.
Amazon Flex drivers and other gig economy drivers have staged a protest outside an Amazon warehouse calling for an increase in pay to deal with surging gas prices during the unprecedented inflation under President Joe Biden.
A recent report reveals that Amazon intentionally made it harder for users to cancel their Prime membership, resulting in a drop in cancellations of 14 percent in 2017. Amazon’s project “Iliad” may be a perfect example of “Dark UX,” web design tricks that purposefully confuse or mislead customers.
E-commerce and tech giant Amazon has reportedly shut down shipments to Russia and cut off access to its Prime Video service in the country in response to the invasion of Ukraine.
The Retail, Wholesale and Department Store Union (RWDSU) has claimed that Amazon is unlawfully interfering with a union election at its Alabama warehouse. This is the latest in a long string of incidents related to the unionization election, some of which contributed to the results of the first election last year being thrown out by the National Labor Relations Board (NLRB).
Amazon’s grocery store business has cost it billions of dollars over the past 15 years and has yet to really cement its foothold in the retail space. Analysts are now referring to the business as Amazon’s most “expensive hobby.”
