Amazon.com Inc.

Amazon media chief Jeff Blackburn retires from the company again

Senior Vice President of Business Development at Amazon Jeff Blackburn (R) and Anne Blackburn attend the The IMDb Dinner Party at the Sundance Film Festival presented by Dolby on January 28, 2019 in Park City, Utah. Rich Polk | Getty Images Jeff Blackburn is retiring for the second time from Amazonwhere he held a number …

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Tech layoffs leave visa holders scrambling for jobs to remain in US

After years of seemingly boundless expansion, the US tech industry has hit a wall. Companies are in cash preservation mode, leading to thousands of job cuts a month and a surge of layoffs in November. While the sudden loss of a paycheck can be devastating for anyone, especially during the holiday season, the recent wave …

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FCC authorizes SpaceX Gen2 Starlink: Up to 7,500 satellites

A batch of Starlink satellites deploy in orbit after a launch on Nov. 13, 2021. SpaceX The Federal Communications Commission issued a key authorization to Elon Musk’s SpaceX on Thursday, granting approval for the company to move forward with launching up to 7,500 next-generation satellites in its Starlink internet network. “Our action will allow SpaceX …

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Amazon CEO says Prime could become ‘standalone business’

Amazon (AMZN) could potentially spin off its Prime streaming unit as a separate company, CEO Andy Jassy said Wednesday. During a wide-ranging interview at the The New York Times’ DealBook Summit , Jassy said that “overtime we have opportunities to make our Prime video business a standalone business that has very attractive economics.” Jassy also …

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Amazon CEO explains thinking behind layoffs as unionized warehouse workers protest outside

CNN Business — Amazon CEO Andy Jassy on Wednesday said an “uncertain” economy pushed the e-commerce giant to move forward with rare and wide-ranging layoffs after having gone on a significant hiring spree for much of the pandemic. “We had the lens of a very uncertain economic environment, as well as our having hired very …

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Amazon touts record sales over holiday shopping weekend

An Amazon worker moves a cart filled with packages at an Amazon delivery station on November 28, 2022 in Alpharetta, Georgia. Justin Sullivan | Getty Images Amazon said Wednesday it rang up record-breaking sales in the five-day period beginning Thanksgiving Day and ending on Cyber ​​Monday, adding to what has been a strong showing for …

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Tech layoffs approach Great Recession levels: ‘It was not sustainable or real’

The number of tech layoffs this year is nearing annual levels seen during the Great Recession, but is far from dot-com-bust territory. As technology companies deal with declining stock prices, inflation, rising interest rates and a possible recession, they have announced more than 60,000 job cuts this year, with indications — such as from Amazon.com …

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Amazon used AWS in satellite experiment

An image captured by the ION Elysian Eleonara satellite in January 2022. D-Orbit Amazon’s cloud computing division successfully ran a software suite on a satellite in orbit, in a “first-of-its-kind” experiment, the company announced Tuesday. AWS, or Amazon Web Services, conducted the prototype satellite software demonstration through partnerships with Italian company D-Orbit and Swedish venture …

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US stocks have worst day in nearly three weeks as hawkish Fed speak, China worries rattle markets

US stocks had their worst day in nearly three weeks on Monday as protests in China raised global-growth risks and Federal Reserve officials said more interest-rate increases will be needed to subdue inflation. How stocks traded The Dow Jones Industrial Average DJIA Finished down by 497.57 points, or 1.5%, at 33,849.46, not far from its …

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