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Amazon girds up for economic headwinds

An Amazon spokesperson said the loan has been taken to safeguard against the “uncertain macroeconomic environment”…reports Asian Lite News E-commerce giant Amazon has secured $8 billion in Term Loan from DBS Bank,
January 4, 2023

Amazon Academy shuts India ops

Customers will have access to full course material online for extended period of an year, until October 2024….reports Asian Lite News Amazon on Thursday said it is shuttering its edtech offering called
November 25, 2022

Layoffs: India govt summons Amazon

The development comes after a complaint filed by the employee union Nascent Information Technology Employees Senate (NITES) in which it has alleged Amazon of violating labour laws….reports Asian Lite News The Union
November 22, 2022
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Amazon begins mass layoff

Amazon is aiming to eliminate about 10,000 jobs, mostly in retail, devices and human resources…reports Asian Lite News After Meta and Twitter, Amazon has become another Big Tech company to lay off
November 17, 2022

Bezos ready to donate most of his fortune

The fourth-wealthiest person in the world, however, declined to identify a specific percentage or to provide concrete details on where it would likely be spent…reports Asian Lite News Amazon founder Jeff Bezos
November 15, 2022

Amazon set to lay off 10,000 of its workforce

Amazon is now reviewing its Alexa virtual assistant-driven business as part of a major cost-cutting exercise headed by CEO Andy Jassy…reports Asian Lite News Amazon is reportedly planning to lay off approximately
November 15, 2022

Amazon begins cost-cutting review: Report

The cost-cutting review includes the devices unit with Alexa, a voice assistant available on a variety of Amazon devices….reports Asian Lite News As Big Tech reels under the global macroeconomic conditions, Amazon
November 14, 2022
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