NEW YORK—Amazon has launched its Anti-Counterfeiting Exchange (ACX), an initiative to help retail stores label and track marketplace counterfeits as part of the e-commerce giant’s efforts to crack down on organized crime on its platform, the company announced on Thursday. Online marketplaces in the United States including Amazon face hurdles in keeping counterfeiters off their…
Conservative Alternative to Amazon Growing ‘Exponentially’ as Customers Ditch Woke Companies, Says PublicSq CEO
PublicSq, the conservative Amazon alternative that promises to connect “freedom-loving Americans” with businesses that align with their values, has been gaining traction among consumers seeking an alternative to the Jeff Bezos-owned online retailer, according to its CEO. “It has grown exponentially,” the San Diego-based company’s CEO and founder Michael Seifert told Fox News on April 17….
Amazon CEO Says Rising Costs Are a ‘Critical Challenge’ as Inflation Pressures Remain
Despite a past year full of challenges, Amazon’s CEO said he is optimistic for the future and that cost-cutting will have a positive result. Andy Jassy said in the letter to shareholders for 2022, published Thursday, that “AWS is now an $85 billion annual revenue run-rate business,” referring to Amazon Web Services, the world’s biggest…
Amazon Plans to Trim Employee Stock Awards Amid Tough Economy
Amazon.com Inc. said it would reduce employee stock awards, a part of its compensation plan, as the e-commerce giant navigates an uncertain economy. “We made the decision to reduce RSU [restricted stock units] awards in the final outlook year by a small amount [other years are not impacted],” an Amazon spokesperson said in an emailed…
Panera Bread Implements Palm Recognition Technology Linked to Security Concerns
March 30, 2023
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Panera Bread restaurants in select locations will install Amazon One devices that scan the unique features of the palm to record a signature for purchases. Though advertised as making paying easier, the technology has raised security concerns. Users pre-enroll online at Amazon One, and then complete enrollment in person at a location that uses Amazon…
Amazon Loses Bid to Toss Consumer Antitrust Lawsuit
Amazon.com Inc. must face consumer claims that its pricing practices artificially drove up the cost of goods sold by other retailers in violation of U.S. antitrust law, a federal judge has ruled. The ruling by U.S. District Judge Richard Jones in Seattle on Friday came in a prospective antitrust class action that has estimated damages…
Tech Layoffs in 2023 Near 150,000 Mark as Amazon, Facebook Shed Thousands More Employees
The technology industry is continuing to lay off thousands of employees, and is approaching 150,000 employees lost in the first three months of 2023. The e-commerce and streaming giant Amazon announced layoffs of 9,000 employees on Monday. Meta, which owns Facebook and Instagram, announced 10,000 job cuts a week earlier, on March 14. As of…
Amazon to Axe Another 9,000 Jobs, Citing ‘Uncertain Economy’
Amazon on March 20 announced yet another round of layoffs, saying that it’s letting go of 9,000 employees or roughly 3 percent of its corporate workforce. In a blog post published on March 20, CEO Andy Jassy said the cuts will primarily affect those in Amazon’s cloud web services, the Twitch gaming division, advertising, and…
Amazon to Cut Another 9,000 Jobs, Citing ‘Uncertain Economy’
Amazon on March 20 announced another round of layoffs, saying that it’s letting go of 9,000 employees or roughly 3 percent of its corporate workforce. The cuts will primarily affect those in Amazon’s cloud web services unit, the Twitch gaming division, advertising, and the PXT Solutions unit, CEO Andy Jassy said in a blog post published…
Consumers Warned Over Faulty Carbon Monoxide Detectors Sold on Amazon
The U.S. Consumer Product Safety Commission (CPSC) is warning consumers not to purchase or use two popular carbon monoxide detectors being sold on Amazon as they do not work. In a press release, the independent agency said that testing showed the two detectors, made by manufacturers GLBSUNION and CUZMAK, can fail to alert consumers to the presence of hazardous carbon monoxide….
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