Amazon
Amazon reports solid second quarter
After a strong first quarter, the Seattle-based online retail giant continued its positive trajectory, once again reporting net sales and profit growth in the second quarter of 2023
Amazon posts profit in the first quarter
The Seattle-based online retail giant reported a first quarter 2023 net income of 3.2 billion US dollars, as compared to a net loss of 3.8 billion US dollars in the same period last year
Amazon to cut another 9 000 jobs
The online retail giant announced that will lay off more 9 000 employees in the coming weeks, on top of the previously announced cuts that began in November and extended into January
Amazon reports net loss in 2022
Despite a better-than-expected fourth quarter last year, the Seattle-based company posted a full year net loss of 2.7 billion USD, as compared to a net income of 33.4 billion USD in 2021
Amazon to lay off just over 18 000 people
The Seattle-based online retailer giant has announced that it will cut more than 18 000 jobs across stores and in People, Experience, and Technology (PXT) groups
Amazon rebounds
The Seattle-based online retail giant returned to profitability in the third quarter of the current year, but it is preparing for a slower last quarter, most likely due to a weaker consumer demand
Amazon's carbon emissions grew in 2021
The online retail giant reported an 18% increase year-over-year in planet-warming carbon emissions last year due to the surge in online sales during the COVID-19 pandemic
Amazon announces second quarter results
The Seattle-based online retail giant reported its second consecutive quarterly loss, but revenue was above analysts' expectations
Amazon to create more than 4 000 new jobs in the UK
The online retailer giant announced that it is creating more than 4 000 new permanent roles across the UK, which will bring its permanent workforce in the country to 75 000
Amazon Fashion launches Virtual Try-On For Shoes
The interactive mobile experience uses augmented reality to help the customer visualize how a pair of shoes looks from every angle and make better informed purchasing decisions
Chief Executive of Amazon’s consumer business is leaving
Dave Clark, who has overseen the company’s extensive warehouse operations, announced he would depart Amazon after 23 years. It’s time for me to build again, he wrote on Twitter
Amazon to hire 75 000 people
The ecommerce giant is hiring 75 000 employees across fulfilment and transportation. Amazon announced an average starting pay of over 17 US dollars per hour. New hires who show proof of their COVID-19 vaccination receive an additional 100 US dollars
Amazon becomes top apparel retailer in US
According to research conducted by American-based bank Wells Fargo, Amazon has surpassed Walmart as the country's top apparel retailer
Amazon announces year end results and CEO transition
The ecommerce giant announced its financial results for the fourth quarter and year ended on the 31st of December 2020. Founder and CEO Jeff Bezos will transition to the role of Executive Chair and Andy Jassy will become Chief Executive Officer
Amazon launches clothing customization service
The giant e-commerce player said it is taking clothing customization to an affordable level thanks to the launch of the service Made for You. For now, the service is only available in the United States-
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