Amazon News

Amazon Streamlines Wondery Podcast Division: 110 Jobs Cut and CEO Departs in Major Shakeup

Amazon announces layoffs of 110 employees from Wondery and the exit of CEO Jen Sargent as it restructures its podcast division under Audible to streamline operations and face growi...

Amazon Shares Plunge 7% as Future Earnings Forecast Fails to Meet Market Expectations

Amazon's shares fell over 7% after its earnings report, despite beating revenue and EPS estimates. The drop was due to disappointing third-quarter operating income guidance, sparki...

Amazon Shatters Q2 Expectations with Record $167.7B in Sales and AI-Driven Growth

Amazon reported a 13% increase in Q2 net sales to $167.7B, surpassing forecasts. Net income rose 35% to $18.2B, with EPS at $1.68. AWS operating income grew 9% to $10.2B. Q3 2025 s...

Amazon Secures Multi-Million Dollar AI Deal with NYT for Content Licensing

Amazon.com Inc. has struck a multi-million dollar deal with The New York Times, paying between $20M and $25M annually to license NYT's content for AI model training, following NYT'...

Amazon to Shut Down Shanghai AI Lab Amid US-China Tensions, Marking End of Golden Era

Amazon is closing its Shanghai AI research lab due to US-China tensions, marking the end of what was described as the golden era for foreign research labs in China. Additionally, A...

Amazon Announces Further Job Cuts in AWS Amid Revenue Misses, What's Next?

Amazon.com Inc. has announced further layoffs within its Amazon Web Services (AWS) division, following a third consecutive quarter of revenue misses. The company vows to support af...

Amazon Plans Multibillion-Dollar Investment in Anthropic to Strengthen AI Market Position

Amazon is considering a multibillion-dollar investment in AI company Anthropic to enhance its position in the artificial intelligence market, aiming to compete with Google and Micr...

Amazon Strikes Strategic Shipping Deal with FedEx Following UPS Service Reduction

Amazon has entered a shipping partnership with FedEx after UPS reduced its service volume, aiming to fill delivery gaps and achieve cost efficiency. The deal focuses on large items...

Amazon Overhauls Compensation: A New Era for Tech Employees' Performance Rewards

Amazon is updating its pay structure to reward consistent high performers more significantly, reducing bonuses for less consistent achievements. Changes include increased pay bands...

Amazon Announces $4 Billion Investment to Launch AWS Infrastructure Region in Chile by 2026

Amazon plans to invest over $4 billion to launch an AWS infrastructure region in Chile by 2026, aiming to meet the growing demand for cloud services in Latin America. This initiati...

Amazon Unveils $4 Billion Plan to Launch AWS Infrastructure Region in Chile by 2026

Amazon announces a $4 billion investment to launch an AWS infrastructure region in Chile by late 2026, aiming to enhance cloud services across Latin America with secure and efficie...

Amazon Unveils $4 Billion Plan for AWS Expansion in Chile, Boosting Latin America's Cloud Infrastructure

Amazon announces a $4 billion investment to launch an AWS infrastructure region in Chile by late 2026, aiming to enhance cloud services for various sectors in Latin America and mee...

Zoox Accelerates the Future: Amazon's Robotaxi Unit Set for Major US Expansion in 2025

Amazon's Zoox is expanding its robotaxi fleet with a new California facility, aiming for mass production and public rides starting in Las Vegas and San Francisco, amidst growing co...

Amazon's Zoox Recalls 270 Self-Driving Vehicles Over Safety Concerns: What You Need to Know

Zoox, Amazon's robotaxi unit, recalls 270 self-driving vehicles due to a software issue that may lead to crashes in certain scenarios. The company has updated the software to fix t...

Amazon Shatters Expectations with a 9% Surge in Q1 Net Sales to $155.7 Billion

Amazon.com Inc. reports a 9% increase in Q1 net sales to $155.7 billion, surpassing estimates and showcasing strong growth in fiscal 2025.

Amazon Clarifies No Tariff Labels on Main Site After White House Criticism Sparks Debate

Amazon denies plans to display import tariffs on its main shopping site after White House criticism, clarifying the consideration was only for Amazon Haul. The company's shares dip...

Amazon Reverses Decision: No Tariff Costs on Product Listings Despite Earlier Considerations

Amazon has confirmed it will not display import tariff costs on its product listings, reversing earlier considerations. The decision follows White House criticism and clarifies the...

Amazon Clarifies Tariff Display Policy Amid White House Criticism, Shares Dip

Amazon denies plans to display import duties on its main site after White House criticism, clarifying the consideration was only for Amazon Haul. Shares dipped slightly following t...

Amazon Reverses Decision: No Tariff Costs Display on Product Listings

Amazon has clarified that it will not display import charges on its products, reversing its initial consideration following White House criticism. The company ensures a seamless sh...

Amazon Clarifies No Tariff Display Plans on Main Site Amid White House Criticism

Amazon denies plans to display import tariffs on its main site after White House criticism, clarifying the consideration was only for its discount storefront, Amazon Haul. The comp...

Amazon Backtracks on Displaying Tariff Costs Amid White House Criticism

Amazon has decided against displaying import tariff costs on its products following White House criticism. The company clarified the proposal was never approved, highlighting the c...

Amazon Clarifies No Tariff Labels on Main Site Following White House Criticism

Amazon has denied plans to display import tariff costs on its main site after White House criticism, clarifying that only Amazon Haul considered showing such charges. The company's...

Amazon Reverses Decision: No Trump-Era Tariff Costs on Product Listings

Amazon has decided against displaying Trump-era tariff costs on its product listings, following White House criticism. The company clarified that the proposal was never approved.

Amazon Clarifies No Tariff Display Plans on Main Site Following White House Criticism

Amazon denies plans to show import tariffs on its main site after White House backlash, clarifying that only Amazon Haul considered such displays. Shares dipped slightly following ...

Amazon to Reveal Tariff Costs on Products: A Move Towards Transparency Under Trump's Policies

Amazon is introducing a feature to show the breakdown of product prices, including the impact of Trump's tariffs, aiming for greater transparency. This comes as the company reviews...

White House Condemns Amazon's Display of Trump-Era Tariff Costs as 'Hostile and Political' Move

White House spokeswoman Karoline Leavitt criticizes Amazon for displaying Trump-era tariff costs, calling it a political move with potential ties to China, and advocates for Americ...

Amazon to Unveil Tariff Costs on Products: A Transparency Move Under Trump's Trade Policies

Amazon is introducing a feature to show how much of a product's price is due to tariffs under Trump's policies, aiming for greater transparency ahead of its earnings report.

Amazon to Reveal Tariff Costs on Products: A Move Towards Transparency Under Trump's Policies

Amazon is introducing a feature to show how much of a product's price is due to tariffs under Trump's policies, aiming for greater transparency. This move comes as the company revi...

Amazon to Reveal Tariff Costs on Products: A Transparency Move Amid Trump's Trade Policies

Amazon is introducing a feature to show how much of a product's price is due to tariffs, enhancing transparency for consumers. This comes as the company evaluates the impact of tra...

Amazon to Break Down Trump Tariff Costs on Product Prices, Sparking Shopper Interest

Amazon is introducing a feature to show how much of a product's price is due to Trump's tariffs, enhancing transparency for shoppers. This move comes after evaluating the tariffs' ...

Amazon Probes US Sellers on Trump Tariffs Impact: Strategies and Consumer Prices at Stake

Amazon is surveying US sellers to understand the impact of Trump's tariffs on pricing and logistics, with third-party sellers exploring strategies to manage increased costs. CEO An...

Amazon's AI Revenue Skyrockets: Triple-Digit Growth Signals a Tech Revolution

Amazon CEO Andy Jassy announces triple-digit growth in AI revenue, emphasizing AI's transformative potential and Amazon's commitment to innovation by cutting bureaucracy.