Amazon released internal guidelines for managers on how to handle team members' concerns about declining pay. The company, which lost $800B in market cap last year, anticipates difficult questions from employees as its compensation package usually consists of stock grants.
Amazon, the James Bond film franchise owner, is ironically facing a trial for allegedly spying on delivery drivers' private Facebook group. The decision came after a federal judge ruled that Amazon is cannot settle the case in arbitration.
U.K. antitrust regulators are sweeping in to investigate Amazon's $1.7B acquisition of Roomba's manufacturer iRobot. The deal has been under review by the U.S. FTC since September last year.
Amazon has been trying to improve its reputation in France through a PR campaign (amusingly) codenamed "Ratatouille." The project started in 2020, the same year it closed its warehouses in the country due to a court order.
In a shareholder letter, CEO Andy Jassy emphasized the potential of fast-growing Amazon's advertising business, comparing it to the highly-profitable AWS division. The ads division is, however, still not exempt from ongoing layoffs.
Amazon officially launched the European Expansion Accelerator (EEA) program, a highly requested feature that allows sellers to operate across all marketplaces in the region.
Amazon wants everyone to return to the office, as the tech giant expanded its office supply business after a post-pandemic sales boost in the European region.