Wednesday, July 30, 2025

Creating liberating content

The Asian Infrastructure Investment Bank (AIIB) plans to increase its

Top officials from the US and China agreed on Tuesday

JP Morgan maintained its overweight rating on Bharat Electronics with

MUMBAI: In a pointed caution to banks and non-banking financial

Related News

The Asian Infrastructure Investment Bank (AIIB) plans to increase its investment exposure in India from $12 billion to $16-17 billion over the next two to three years. This expansion is

Top officials from the US and China agreed on Tuesday to continue discussions about extending a fragile trade truce that is set to expire in mid-Aug, but did not immediately

JP Morgan maintained its overweight rating on Bharat Electronics with the target price at Rs 490. Analysts said during the April-June quarter, there was a margin-driven beat in numbers and

MUMBAI: In a pointed caution to banks and non-banking financial companies (NBFCs), Reserve Bank of India (RBI) deputy governor Swaminathan J on Monday warned against the temptation to bypass internal

NEW DELHI: Global sports retailer Decathlon set an ambitious target of sourcing $3 billion worth of goods from India by 2030 – a six-fold increase – driven by the country’s

Top stocks to buy today (AI image) Stock market recommendations: According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, Mazagon Dock, Vascon Engineers, and Thermax

Trending News

The Asian Infrastructure Investment Bank (AIIB) plans to increase its investment exposure in India from $12 billion to $16-17 billion over the next two to three years. This expansion is

JP Morgan maintained its overweight rating on Bharat Electronics with the target price at Rs 490. Analysts said during the April-June quarter, there was a margin-driven beat in numbers and

NEW DELHI: Global sports retailer Decathlon set an ambitious target of sourcing $3 billion worth of goods from India by 2030 – a six-fold increase – driven by the country’s

NEW DELHI: IMF on Tuesday raised the global growth projection marginally, with the Indian economy too likely to expand more than what was estimated earlier. In its latest update, IMF

MUMBAI: Reliance Industries, Oil and Natural Gas Corporation (ONGC), and BP Exploration (Alpha) will collaborate to discover and extract oil and gas in the offshore exploration block of the Saurashtra

MUMBAI: Larsen & Toubro’s profit for Q1FY26 rose 25% to Rs 4,318 crore, driven by new orders from diverse sectors including hydrocarbons, renewables, and real estate. Revenue increased 16% to

Amazon lays off about 100 employees in devices and services unit

Word Count: 295 | Estimated Reading Time: 2 minutes


An Amazon device is displayed at an Amazon Devices launch event in New York City, U.S., Feb. 26, 2025.

Brendan McDermid | Reuters

Amazon is laying off roughly 100 employees in its devices and services division, the company confirmed on Wednesday.

The devices and services unit includes a wide range of businesses, such as the Alexa voice assistant, Echo hardware, Ring video doorbells and Zoox robotaxis.

“As part of our ongoing work to make our teams and programs operate more efficiently, and to better align with our product roadmap, we’ve made the difficult decision to eliminate a small number of roles,” Amazon spokesperson Kristy Schmidt said in a statement. “We don’t make these decisions lightly, and we’re committed to supporting affected employees through their transitions.”

The company declined to say which units within the organization were impacted by the cuts, which were earlier reported by Reuters. Amazon said it continues to hire within the devices and services division.

Amazon CEO Andy Jassy has been on a mission to trim costs across the company, laying off 27,000 employees since the beginning of 2022. Job reductions have continued this year, though at a smaller scale than in preceding years. The devices and services organization experienced layoffs in 2022 and 2023.

Last year, as part of its return-to-office push, Amazon moved to simplify its corporate structure by having fewer managers in order to “remove layers and flatten organizations.” Jassy set a goal to increase the ratio of individual contributors to managers by at least 15% by the end of the first quarter of this year.

Other major technology companies have also continued to trim their workforces. Microsoft on Tuesday said it would lay off roughly 6,000 employees, as it looks to reduce layers of management.

WATCH: Amazon Prime Video’s Mike Hopkins on streaming wars

Amazon Prime Video's Mike Hopkins on streaming wars



Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account