Amazon cuts stock awards

 

1 European labor laws are making it difficult for Amazon to lower its headcount in the region. It must negotiate with labor unions as the regulations are especially problematic for the company since it decided to cut 27,000 jobs in various divisions.

2 As part of an aggressive cost-cutting effort due to declining sales growth and net income, Amazon plans to reduce employee stock awards in its compensation packages. Q: Will this impact Amazon's employee retention? Share your opinion with the Inside Amazon community.

3 AWS is launching a brand new 10-week accelerator for Generative AI startups. The initiative is the second AI-focused accelerator program backed by the company since 2016. Q: Will Amazon come out on top in the AI race between big tech companies? Let us know what you think.

4 Amazon is shutting down Book Depository, which it acquired in 2011. The U.K.-based online bookseller is the second acquisition terminated by the company after camera review site DPReview.

5 Only 37% of U.S. viewers made it to Mordor the end of the first season of Amazon's The Lord of the Rings: The Rings of Power series. According to The Hollywood Reporter, the underperformance is a byproduct of frustrations clouding Amazon Studios.

6 Amazon is officially the U.S.A.'s Most Valuable Brand, based on the analysis of consultancy firm Brand Finance's annual ranking. The tech giant retook the position from Apple, which lost 16% of its brand value. Q: Do you agree with this brand valuation methodology? Tell us what you think.

7 A California judge disregarded Amazon's bid to dismiss a case alleging Amazon of anti-competitive behavior by raising prices across the Internet. The lawsuit was filed last September by the state's Attorney General Rob Bonta.