Amazon is on the verge of cutting 10,000 positions in what would be the company’s largest mass-firing, representing around 3% of corporate and 1% of global employees, The New York Times reported, citi...
Tag: Amazon
Amazon to execute its biggest job cut ever
Shares of Amazon.com Inc (NASDAQ: AMZN) are in the red on Monday after a New York Times report said the tech behemoth plans on executing its biggest job cut ever. How many does Amazon plans on laying ...
Oatly, Amazon, Hasbro and more
A carton of Oatly brand oat milk is arranged for a photograph in the Brooklyn borough of New York, U.S., on Wednesday, Sept. 16, 2020. Gabby Jones | Bloomberg | Getty Images Check out the companies ma...
Joy Is Made As Amazon Releases New Holiday Ad Campaign
Inside view of the life-size version of a snow globe that a dad built for his daughter in Amazon’s … [+] new ad campaign. Courtesy of Amazon AmazonAMZN just released its holiday ad campaign; Joy...
The Best New Movies And Shows To Stream On Netflix, Amazon Prime, HBO, Hulu, Disney+, Apple TV+ And Mubi This Weekend
HOLLYWOOD, CA – MARCH 04: Emily Blunt attends the 90th Annual Academy Awards at Hollywood & … [+] Highland Center on March 4, 2018 in Hollywood, California. (Photo by Christopher Polk/...
Amazon is Reviewing Some Businesses in Cost-Cutting Push-WSJ
American multinational technology company, Amazon is reportedly undergoing a comprehensive review of its business units in an effort to identify areas it needs to prune workers from. As reported by th...
Chris Rock Will Perform Netflix’s First Ever Live Stand-Up Show
Topline Netflix announced Thursday it is venturing into live streaming events with a comedy special from Chris Rock, following other streamers like Amazon Prime Video and AppleTV+ outside of pre-taped...
How Spotify stayed No. 1 in streaming music vs. Apple, YouTube, Amazon
Onur Dogman | LightRocket | Getty Images In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. Spotify, once a Swedish startup tasked with ta...
Amazon Has Lost $1 Trillion in Market Cap. Ouch.
Amazon.com has now lost more than $1 trillion in market capitalization, the most ever by a U.S. company and the first time one company has shed that much market value. It’s a painful reminder to inves...
Amazon Becomes World’s First Public Company to Lose $1 Trillion in Market Value
(Bloomberg) — Amazon.com Inc. is the world’s first public company to lose a trillion dollars in market value as a combination of rising inflation, tightening monetary policies and disappointing ...
Rivian Stock: Earnings On Tap As Key Client Amazon Rolls Out More Electric Delivery Vans Rivian Stock: Earnings On Tap As Key Client Amazon Rolls Out More Electric Delivery Vans
Electric-vehicle startup Rivian (RIVN) will report earnings late Wednesday, as key client Amazon (AMZN) rolls out more than 1,000 of its electric vans just in time for holiday deliveries. Rivian stock...
Digital Ocean Earnings Raise More Big Questions About the Cloud
DigitalOcean posted better-than-expected third quarter results, but the provider of cloud-based computing service to small- and medium-size businesses offered guidance for the fourth quarter that fell...
Will Amazon Payments Boost PayPal?
| Getty Images Key Takeaways As of Black Friday, you can use Venmo when making purchases on Amazon in the U.S. PayPal shares went up 7% after the news of this new deal, as the company is set to announ...
Former VP Of Amazon Preaches A Frictionless Experience
Examples of friction include long wait times, difficulty finding contact information on a website, … [+] too many steps to make a purchase online and more. getty Customers hate friction. They wa...
Why Apple’s Stock Is Beating Microsoft, Alphabet, and Amazon
By Anirban Mahanti, PhD This earnings season has been brutal for big technology companies. Microsoft MSFT, Alphabet GOOG, and Amazon AMZN saw their shares shellacked following their earnings releases....
The Best New Movies And Shows To Stream On Netflix, Amazon Prime, Hulu, HBO, Disney+, Apple TV+ And Mubi This Weekend
British singer-actor Harry Styles arrives for the premiere of My Policeman during the Toronto … [+] International Film Festival in Toronto, Ontario, Canada, on September 11, 2022. (Photo by Geof...
Billionaire Jeff Bezos Is in Trouble
Billionaire Jeff Bezos has been keeping a low profile in recent months. He briefly broke his silence last month to issue a dire warning about the economy at a time when economic concerns are running ...
Recession Concerns Grow As Amazon Pauses Hiring And Major Tech Companies Announce Layoffs This Week
Topline Amazon announced plans Thursday to implement a corporate hiring freeze, as the country’s second biggest company contends with rising inflation and economic uncertainty—becoming the latest comp...
PayPal Reports Earnings Today. What to Expect.
PayPal may be in the midst of a turnaround but Wall Street still expects the payments company to post a sharp drop in earnings when it reports third-quarter financial results after the bell Thursday. ...
Should Mark Cuban Make CVS, Walgreens And Amazon Worry?
(Photo by Ron Jenkins/Getty Images) Getty Images A billionaire sports team owner wants to cut the cost of American prescriptions. Should the big drug chains check their pulses? Mark Cuban, owner of th...
Hawaiian Airlines Stock And The Amazon Cargo Deal
| Getty Images Key Takeaways Amazon is taking a 15% stake in Hawaiian Airlines, which will now move cargo for the retail giant. The deal helps the air carrier generate income as passenger volume has y...
Amazon Freezes Hiring Levels in Profitable Advertising Business
(Bloomberg) — Amazon.com Inc. is freezing staffing levels in its profitable advertising business, according to a person familiar with the matter, showing that the world’s largest e-commerce comp...
Disappointing Festive Forecast Delivers Fall In Shares For Amazon
Whilst Amazon saw a significant business benefit from the pandemic and the rise in online shopping … [+] and services, there has been a significant shift as consumers faced with a cost of living...
Amazon share price forecast after Q3 results
Amazon.com, Inc. (NASDAQ: AMZN) reported third-quarter results on Thursday, and the company’s management updated financial guidance for the fourth fiscal quarter. Third-quarter results missed es...
Amazon stock breaks long-term chart support, and the worst may still be to come
Amazon’s stock has tumbled enough over the past week to do real damage to its long-term chart — and enough to warn investors the worst may be yet to come. But amid the market turmoil and concerns over...