Tag: Jeff Bezos

The Washington Post Cuts 20 Newsroom Jobs

The Washington Post announced that it will slash several positions in cutbacks, one week after the publication’s owner, Jeff Bezos, visited the offices. At least 20 newsroom staffers have been terminated, and 30 open positions will not be filled, according to a Jan. 24 note addressed to staff from the paper’s executive editor, Sally Buzbee. This is…


New Problem for Officials at US-Mexico Border: Smuggled Eggs

Border officials say that high prices are driving an increase in attempts to smuggle eggs from Mexico into the United States, saying they’ve seen an increase in the number of attempts to smuggle the food item. “The San Diego Field Office has recently noticed an increase in the number of eggs intercepted at our ports…


New MacKenzie Scott Website Details $14 Billion in Gifts

Philanthropist MacKenzie Scott says her donations have yielded more than $14 billion in funding for about 1,600 nonprofits since 2019, according to her long-awaited website Yield Giving, unveiled Wednesday night. Scott also announced that she plans to introduce an “open-call process” that allows nonprofits seeking donations from her to send information to her for evaluation….


Amazon Confirms Jobs Cuts as Rumors Swirl of 10,000 Layoffs

Amazon on Wednesday confirmed it started laying off employees, days after several news outlets reported the retail giant would cut as many as 10,000 employees in the near future. Dave Limp, Amazon’s senior vice president of devices and services, told employees that some roles and teams won’t be needed. Some employees were told Tuesday that…


Jeff Bezos Reveals How He Plans to Spend His Vast Fortune, Advises Everyone to ‘Take Some Risk Off The Table’

Amazon founder Jeff Bezos said that he plans to give away most of his wealth during his lifetime to causes such as climate change and humanity projects, but withheld from divulging specific details. “The hard part is figuring out how to do it in a leveraged way,” Bezos said during a recent CNN interview. “It’s…


Bezos Says Recession Either ‘Likely’ or Already Here, Has Advice for Businesses and Consumers

Amazon founder Jeff Bezos told CNN in an interview which aired Sunday that he believes the United States is either already in the grips of a recession or is likely going to be in one “very soon,” advising both consumers and small businesses to de-risk and hold more cash. “The probabilities say if we’re not…


Country Music Legend Dolly Parton Awarded $100 Million by Jeff Bezos for Charity Work

Amazon founder Jeff Bezos awarded country music star Dolly Parton with $100 million over the weekend as part of the Bezos Courage and Civility award. Bezos and his partner Lauren Sanchez presented the award to Parton, 76, on Saturday evening for her philanthropic work. The award “recognizes leaders who aim high, find solutions and who always do…


Jeff Bezos Sours on Biden’s Economy, Says It’s Time to ‘Batten Down the Hatches’

Amazon founder Jeff Bezos has joined the ranks of corporate leaders who are sounding the alarm on the U.S. economy, warning of turbulence ahead as recession risks rise. In an Oct. 19 tweet, Bezos shared footage of Goldman Sachs CEO David Solomon predicting more market volatility in the pipeline and warning it’s likely the U.S….


Elon Musk and Jeff Bezos Lose Over $18 Billion In Inflation-Fueled Stock Selloff

Billionaires Elon Musk and Jeff Bezos saw their fortunes plunge on Tuesday after a higher-than-anticipated inflation report was released, which led market experts to brace for another aggressive interest rate hike from the Federal Reserve. Amazon founder Bezos’s wealth plunged by $9.8 billion, according to the Bloomberg Billionaires Index, while Tesla founder Musk saw his net worth decline by $8.4 billion. The…


Bezos Rocket Crashes After Liftoff, Only Experiments Aboard

CAPE CANAVERAL, Fla.—A rocket crashed back to Earth shortly after liftoff Monday in the first launch accident for Jeff Bezos’ space travel company, but the capsule carrying experiments managed to parachute to safety. No one was aboard the Blue Origin flight, which used the same kind of rocket as the one that sends paying customers…