December 09, 2022 01:37 (IST)
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'Need PM and centre's blessing': Arvind Kejriwal after winning MCD polls | India could soon experience heat waves that could break human survivability limit: World Bank report | Arvind Kejriwal reacts to exit polls claiming BJP sweeping Gujarat | PM Modi chairs all-party meet over India's G20 presidency | 'Cocaine started coming into India': Nirmala Sitharaman warns officers, asks to up vigil

Amazon plans to lay off 20,000 employees after over-hiring during pandemic: Report

Seattle/IBNS: E-commerce giant Amazon might lay off around 20,000 employees including corporate executives in the coming months, media reports said.

Amazon likely to layoff 20,000 staff in upcoming months: Reports

E-commerce hub Amazon might lay off  around 20,000 employees, including corporate executives, in the upcoming months, media reports said on Wednesday.

Amazon denies laying off employees, says all resignations voluntary

Bengaluru/IBNS: Amazon has told India’s labour ministry that it did not sack any employee and all the workers left the company voluntarily as part of the Voluntary Separation Plan (VSP), media reports said.

Centre asked to probe Amazon layoffs

Bengaluru: Nites has submitted a petition requesting the Central government and state labour authorities to conduct an inquiry regarding the unethical and illegal layoffs via email sent to employees by Amazon.

Amazon likely to lay off 1000 employees amid losses: Report

Seattle/IBNS: Amazon is likely to lay off thousands of employees and implement cost-cutting measures as the last few quarters haven't been profitable, media reports said.

Amazon becomes first ever public company to lose USD 1 trillion in market value

Seattle/IBNS: Amazon has become the world's first public firm to lose USD 1 trillion in market valuation on the backs of inflation, tightened monetary policy, and let down in earnings, causing a major sell-off in its stock this year, Bloomberg reported.

Amazon vs Future: SC to hear Amazon's plea on Oct 11

New Delhi: Supreme Court will hear the Amazon.com NV Investment Holding LLC (Amazon) plea challenging the June 13 NCLAT order, which upheld the anti-trust body CCI's ruling, on October 11.

Cloudatail denies controlling links with Amazon, opposes CCI raid

New Delhi: E-commerce seller Cloudtail India has challenged the CCI's April 28 raid on its premises, saying that Amazon has no controlling interest in it and the vendor cannot be linked to a case that was against the e-commerce platforms.

CCPA fines Amazon Rs 1 lakh for selling sub-standard pressure cookers

New Delhi: In a suo moto action, the Central Consumer Protection Authority (CCPA) has fined Amazon's e-commerce platform Rs 1 lakh for selling sub-standard pressure cookers in violation of mandatory standards.

NCLT allows insolvency proceedings against Future Retail

The Mumbai bench of the National Company Law Tribunal (NCLT) allowed a consortium of lenders, led by Bank of India, to initiate insolvency proceedings against debt-laden Future Retail, media reports said.

Amazon's CEO of worldwide consumer business quits after 23 yrs of service

Amazon Friday said the chief executive officer of its worldwide consumer business, David Clark, is leaving the company after 23 years of service to pursue other opportunities.

Amazon Kindle to exit China despite phenomenal growth prospects

Amazon is going to withdraw its Kindle business, including its e-readers and e-bookstore, from China, the US-based e-commerce giant announced on its official Wechat account on Thursday, Reuters reported.

Amazon writes to independent directors of Future Retail, accuses them of 'fraudulent stratagem'

Amazon has written to the independent directors of Future Retail Ltd (FRL), accusing them of facilitating a "fraudulent stratagem" of transferring 835 stores to billionaire Mukesh Ambani's Reliance Retail.

Amazon India says it created 11.6 lakh jobs, enabled $5 billion in exports, digitized over 40 lakh MSMEs

Mumbai: E-commerce giant Amazon on Sunday said it has cumulatively created over 11.6 lakh direct and indirect jobs; enabled nearly $5 billion in exports and digitized over 40 lakh MSMEs in India.

Amazon doubles exports pledge, to now enable $20 billion in exports from India by 2025

Kolkata/UNI: Amazon on Wednesday unveiled the Exports Digest 2022 and announced that cumulative exports by Indian exporters on the Amazon Global Selling program are on track to surpass the $5 billion milestone.