Browsing Tag
Andy Jassy
Amazon ‘investing heavily’ in AI, CEO says
Amazon CEO Andy Jassy told shareholders Thursday that the company will be “investing heavily” in artificial intelligence (AI) while also noting where the company has cut costs in recent months.
In his annual letter to shareholders,…
In shareholder letter, Amazon CEO Andy Jassy asks employees to return to office from May
Amazon CEO Andy Jassy on Thursday published his annual shareholder letter, where he reflected on how the company found a way to increase demand amid ‘macroeconomic’ challenges and other challenges it faced in the past year. In his letter,…
Amazon’s Andy Jassy says AI will be a ‘big deal’ for company
Amazon CEO Andy Jassy signaled confidence that the company will get costs under control in his annual shareholder letter, where he also noted the tech giant was "spending heavily" on AI tools that have gained popularity in recent months. In…
Amazon awarded CEO Andy Jassy no new stock in 2022
Amazon.com Inc did not grant its Chief Executive Andy Jassy any new stock in 2022, shrinking the pay gap between the online retailer's top boss and rank-and-file employees, the company said Thursday in a securities filing.At the same time,…
Another 9000 Amazon staff get the sack
The ‘tech wreck’ just got a whole lot worse with Amazon announcing that 9000 jobs will be slashed. It comes just two months after Amazon cut 18,000 roles, back in January, which at the time represented six per cent of Amazon’s workforce and…
Major Aussie company slashes jobs
Australian technology giant Atlassian is the latest casualty of the “tech wreck" sweeping the sector as it announced it was slashing 500 jobs from its global operations.It will see 5 per cent of the company’s workforce impacted and comes…
Amazon closes $3.9 billion buyout of health company One Medical
Amazon said Wednesday it has closed its $3.9 billion acquisition of the primary care organization One Medical. The e-commerce giant has said the buyout, which was announced in July, is a key component of its growing health care business,…
Amazon asks employees to be in office at least three days a week
Amazon.com Inc would require employees to be in office at least three days a week from May 1, the e-commerce giant said on Friday. The COVID-19 pandemic had altered the workplace, with companies sending employees home to work remotely. Even…
Amazon CEO doubles down on grocery store business: report
Amazon.com Inc Chief Executive Andy Jassy has vowed to double down on the ecommerce giant's struggling grocery store business, the Financial Times reported on Monday.Jassy blamed a lack of normalcy during the pandemic for a series of…