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1. Amazon has closed its $3.9B deal to acquire One Medical after FTC regulators declined to block the merger. The FTC's decision clears the path for Amazon to form major inroads into the healthcare industry. |
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2. Amazon Shopping laid off an entire user experience research team in its ongoing bid to control costs. Tracy McNulty, the team's former leader, said she couldn't "understand or know" why Amazon made such a drastic move. |
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3. Amazon's ongoing stock slump is expected to reduce remuneration for corporate employees by up to 50% in 2023. Shares in the company have fallen by about 36% over the last 12 months, unsettling the e-commerce giant's stock-heavy corporate compensation strategy. |
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4. Many Amazon employees are gearing up to fight Amazon's new return-to-office policy. A Slack channel formed by disgruntled workers amassed 16,000 members only days after CEO Andy Jassy announced that employees would need to return to the office for at least three days a week. |
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5. Amazon has announced that it will support India's Open Network for Digital Commerce (ONDC). The company may have shot itself in the foot as the ONDC is intended to reduce the dominance that U.S. firms like Amazon currently enjoy in India's e-commerce industry. |
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6. ChatGPT has authored or co-authored over 200 books sold through Amazon's Kindle Store. Amazon doesn't require people selling books on its platform to say if they are written by AI, which has triggered pushback from authors who are scared of getting squeezed out of the market. |
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7. Amazon's Indian venture fund has invested in an Indian startup that sells and delivers fresh meat. Amazon is trying to widen its footprint in the perishable goods market after CEO Andy Jassy said the compay would double down on its grocery business. |
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