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The Latest Breaking News from Andy Jassy

Alexa, why is your department shrinking? Because Amazon couldn’t find a profitable use for her

The voice-command technology and its accompanying hardware could never reach critical mass while generating recurring revenue.

Fortune

Amazon Takes Another Shot at Healthcare Amidst Layoffs

Amazon may be shutting down Amazon Care, but the company still has big plans for the healthcare industry.

The Street

Amazon Stock Slides On Report That 10,000 Layoffs Will Begin This Week

The New York Times says Amazon will unveil layoffs that could total 10,000 employees later this week.

The Street

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Amazon warns of meager holiday season sales growth

San Francisco (AFP) - Amazon on Thursday predicted a slowdown in sales growth during the year-end holiday shopping season, sending shares in the e-commerce colossus tumbling.

AFP

Amazon warns costs may eviscerate profits, shares crash

Amazon’s efforts to boost revenues may not pay off as inflation and receding consumer demand bite into profits.

Al Jazeera

Amazon quarterly profit slips as shoppers seek bargains

San Francisco (AFP) - Amazon on Thursday said that its profit in the third quarter slipped more than 9 percent to $2.9 billion, despite an uptick in sales helped by Prime day bargains.

AFP

Amazon Stock Plunges After Q3 Earnings: The Details On Revenue Miss, EPS Beat, New Prime Video Content, Disappointing Guidance

E-commerce leader Amazon.com Inc (NASDAQ: AMZN) reported third-quarter financial results after the market close Thursday. Here's what investors need to know.

Benzinga

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Amazon Stock Dives As Weak Holiday Sales Outlook, Slowing Web Services Cloud Q3 Earnings Beat

"There is obviously a lot happening in the macroeconomic environment, and we’ll balance our investments to be more streamlined without compromising our key long-term, strategic bets," said CEO Andy Jassy.

The Street

NLRB alleges Amazon's Jassy violated labor law in interviews

The National Labor Relations Board has filed a complaint accusing Amazon CEO Andy Jassy of violating labor law during media interviews this year where he said workers are better off without a union

The Independent UK

FTC says Bezos, Jassy must testify in probe of Amazon Prime

Federal regulators are ordering Amazon founder Jeff Bezos and CEO Andy Jassy to testify in the government's investigation of Amazon Prime

The Independent UK

Top Financial Media Stories Thursday, September 22: Facebook Sued For Bypassing Apple Privacy Rules, Walmart Slows Hiring Plans Ahead Of Holiday Season, China Blames US For Northwestern Polytechnical University Hack And More..

Reuters

Benzinga

Amazon Accuses Regulator of Harassing Bezos and CEO Andy Jassy

E-commerce giant Amazon is the subject of a major investigation linked to its Prime service. It's not sitting idly by.

The Street

Amazon claims FTC is 'harassing' executives like Bezos and Jassy

The company claims the FTC’s subpoenas for evidence are unusually burdensome.

Input

Jay Carney, Amazon's top policy exec, leaves for Airbnb

The top policy and communications executive at Amazon and a one-time White House spokesman has been named the head of policy at Airbnb

The Independent UK

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The Independent UK

Amazon Prime Day comes amid slowdown in online sales growth

Amazon is heading into its annual Prime Day sales event on Tuesday much differently than how it entered the pandemic

Tribune News Service

Activists say Amazon misled shareholders about warehouse working conditions

When the investment firm BlackRock voted against an independent audit of the working conditions at Amazon's warehouses, it was relying on false and misleading information from the company, one activist group is arguing in a new complaint with the Securities and Exchange Commission.

Benzinga

How Has Amazon Performed This Past Year With New CEO Andy Jassy At The Helm?

When Andy Jassy took over as Amazon.com Inc. (NASDAQ: AMZN) CEO on July 5, 2021, many speculated if he would be able to run the e-commerce giant as effectively as his predecessor, founder Jeff Bezos.

Benzinga

Amazon Lost 2 Key Black Executives This Week: What You Need To Know

Amazon.com, Inc (NASDAQ: AMZN) has reportedly lost two key Black executives, including one on its core team.

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The Street

Should You Buy Amazon, Walmart, Target, and Costco Stock?

Retail stocks have taken a beating, but inflation, supply chain woes, and other cost concerns don't tell the full story.

Benzinga

Amazon Chief Addresses Consumer Chief Exit, Risky Bets, Streaming Business, Union and More

Amazon.com, Inc (NASDAQ: AMZN) chief Andy Jassy in an interview at the

The Guardian - US

Wage gap between CEOs and US workers jumped to 670-to-1 last year, study finds

Report on 300 top US companies found CEOs making an average of $10.6m, with the median worker getting $23,968

The Street

Amazon Exec Caught Up in Anti-Union Probe Steps Down

Dave Clark has been at Amazon for 23 years.

Investors Business Daily

Dow Jones Falls As Apple Crumbles; Tesla Stock Craters As Elon Musk Does This; Amazon Tumbles As Exec Quits

The Dow Jones fell on strong jobs data. Tesla stock plunged on an Elon Musk move. Apple stock crumbled. Amazon fell after an executive quit.

Tribune News Service

Amazon shareholders approve $200M payout to CEO Jassy, reject worker safety, climate initiatives

At its annual meeting for shareholders, Amazon's investors approved a more than $200 million payout for CEO Andy Jassy and voted against 15 proposals asking the company to report on worker safety, climate goals, pay rates, use of its face recognition technology and its stance on workers' right to unionize.

The Independent UK

Amazon shareholders nix warehouse working conditions audit

Amazon shareholders have voted against a proposal calling for an independent audit of working conditions at the company’s warehouses

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People

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