Amazon

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Amazon Opens Whole Foods 'Store Within a Store'

Robots will fetch items for customers who want mainstream national brands

(Newser) - At a Whole Foods market near Philadelphia, Amazon is catering to customers who want some Doritos or Kraft Mac & Cheese as well as their usual organic kale and quinoa.The experiment involves a robot-powered "store within a store" at the Plymouth Meeting location, Axios reports. Shoppers can pick...

October Layoffs the Worst Since 2003

More than 150K add to the year's recession-like unemployment numbers

(Newser) - Layoffs in the US have reached recession-level numbers, reports the Washington Post , which cites new data from the private firm Challenger, Gray & Christmas to back that up:
  • So far this year, employers have announced 1.1 million job cuts, a figure in line with the Great Recession of 2008-09,
...

OpenAI, Amazon Sign $38B Deal
OpenAI, Amazon
Sign $38B Deal

OpenAI, Amazon Sign $38B Deal

Amazon's cloud computing services will get access to ChatGPT maker's artificial intelligence

(Newser) - OpenAI and Amazon have signed a $38 billion deal that enables the ChatGPT maker to run its artificial intelligence systems on Amazon's cloud computing services. OpenAI will get access to "hundreds of thousands" of Nvidia's specialized AI chips through Amazon Web Services as part of the deal...

At UPS, a 'Most Significant Strategic Shift'

Company pushes its transformation plan, moves to gig workers as margins shrink, union tensions rise

(Newser) - UPS customers may have noticed a new face at their doorstep—one not clad in the familiar brown uniform. In a bid to cut costs, UPS has started relying more on gig drivers using their own cars to deliver smaller packages, shifting away from the company's traditional full-time workforce...

Rallies for UPS, PayPal Lead Stocks to More Records
Stocks Hit New Highs
for a 3rd Day in a Row
MARKETS

Stocks Hit New Highs for a 3rd Day in a Row

Rallies for UPS, Paypal led the way

(Newser) - The US stock market pushed further into record heights on Tuesday, with the S&P 500, the Dow Jones Industrial Average, and the Nasdaq composite all setting all-time highs for the third straight day.
  • The S&P 500 rose 15.73 points, or 0.2%, to 6,890.89.
  • The
...

UN Chief Says World Has Missed a Key Climate Target

Guterres urges swift action to limit damage, avoid tipping points after failing to limit warming to 1.5C

(Newser) - UN Secretary-General Antonio Guterres says the world has neglected to keep global warming at 1.5 degrees Celsius or below, a key target set by the Paris climate agreement. Speaking ahead of the COP30 climate summit, Guterres said it's now "inevitable" that the 1.5 C threshold will...

Amazon Plans to Cut 30K Jobs Amid AI Push

Nearly 10% of corporate workforce faces layoffs as automation rises

(Newser) - Amazon is preparing to lay off as many as 30,000 corporate employees starting Tuesday, according to sources cited by Reuters . The move is part of a broader effort to cut costs and address overhiring that occurred during the pandemic's surge in demand. While the cuts represent a small...

'Silent Genocides' Could Wipe Out 100 Groups in 10 Years

Logging, mining, and disease push isolated communities to the brink

(Newser) - Half of the world's uncontacted Indigenous groups could vanish within a decade unless urgent action is taken, according to a new report from Survival International. The advocacy group estimates there are at least 196 uncontacted groups worldwide, with the vast majority living in the Amazon rainforest. These communities, often...

Charmin's Giant Forever Roll Promises Month Without Refills

1.7K-sheet roll is meant to last a month, per the company

(Newser) - Charmin is making headlines again with its colossal Forever Roll , a 1,700-sheet toilet paper roll that the company claims is big enough to last an entire month, and tall enough—if unspooled—to rival the Washington Monument. First introduced as a limited novelty in 2019 and originally aimed...

Voracious AI Data Centers Met With Backlash Around the Globe

Communities blame power outages, water shortages on tech giants' facilities

(Newser) - As the race to build artificial intelligence accelerates, data centers are springing up worldwide, sparking backlash from Ireland to Mexico over blackouts, water shortages, and secrecy, the New York Times reports. More than half the world's 1,244 largest data centers now operate outside the United States, with hundreds...

Amazon Automation May Mean 600K Fewer Jobs

New York Times reports the company thinks it can avoid that number of hires by 2033

(Newser) - Amazon is leaning hard into automating its operations, so much so that the New York Times reports an eye-popping number: The stepped-up automation means the company will be able to avoid hiring 600,000 actual humans by 2033. Even by 2027, the figure is 160,000. Amazon currently employs about...

Huge Outage Affects Major Websites, Apps

Amazon Web Services traces issue to Virginia

(Newser) - A major Amazon Web Services outage disrupted thousands of websites, retailers, and online platforms early Monday, including Amazon.com, Prime Video, and major gaming and social media sites. AWS, the world's largest cloud computing platform, first flagged an "operational issue" affecting 14 different services in its US-EAST-1 region...

MacKenzie Scott Cuts Almost Half Her Amazon Stake

She's given away $20B but is still richer than she was after 2019 divorce from Jeff Bezos

(Newser) - MacKenzie Scott, the billionaire philanthropist and ex-wife of Jeff Bezos, has cut her Amazon stake by 42% over the past year, according to newly filed regulatory paperwork. The reduction amounts to 58 million shares, worth some $12.6 billion, leaving her with 81.1 million shares in the company. As...

Amazon Is Looking to Hire 250K Workers for Holidays

Wages start at $19 as other retailers pull back

(Newser) - Amazon is once again beefing up its holiday workforce. The company announced plans on Monday to hire 250,000 workers for the upcoming rush, reports CBS News . This is the third consecutive year Amazon has added at least a quarter-million part-time and full-time employees to handle the surge in online...

Amazon's 'Flying Rivers' Are Faltering. Drought Will Follow

Analysis cautions that deforestation will upend crucial water flow from Atlantic, cause big issues

(Newser) - Droughts have withered crops in Peru, fires have scorched the Amazon, and hydroelectric dams in Ecuador have struggled to keep the lights on as rivers dry up. Scientists say the cause may lie high above the rainforest, where invisible "flying rivers" carry rain from the Atlantic Ocean across South...

Push to Get Workers Back in the Office Is Meeting Resistance

Mandates rise at places like Microsoft, Paramount, but office attendance remains stubbornly low

(Newser) - Many large companies are tightening their return-to-the-office policies, but workers aren't exactly flooding back to their desks. Names like Microsoft, Paramount, and NBCUniversal are ramping up in-person requirements, with some, such as Paramount, telling employees to return full time or consider a buyout. The New York Times and...

Amazon Settles With FTC for $2.5B Over Prime Duping

It's the largest fine in the agency's history

(Newser) - Amazon has reached a historic $2.5 billion settlement with the Federal Trade Commission, which said the online retail giant tricked customers into signing up for its Prime memberships and made it difficult for them to cancel after doing so. The Seattle company will pay $1 billion in civil penalties—...

Gunman Dead After Opening Fire on Amazon Facility

Police say Georgia man killed himself after a brief standoff

(Newser) - A suspected gunman fired shots into an Amazon facility in the west Georgia city of Columbus and died after a brief standoff with police, according to authorities. The shooting happened before dawn Monday at the Amazon warehouse on the city's east side, the AP reports. The suspect fired multiple...

White House Answers $100K H-1B Visa Confusion

Companies warn H-1B holders against travel

(Newser) - A surprise $100,000 fee on new H-1B visa applications has tech giants and foreign governments scrambling to protect their workforces and respond to an unprecedented shakeup in the US skilled immigration system. The decision prompted immediate reactions from major technology and finance companies, which rely heavily on the...

Indigenous Warning on Amazon Now Has Science to Back It Up

Study shows allowing native people to tend to parts of rainforest cuts down on diseases there

(Newser) - There's an idea that Indigenous people have lived by for thousands of years: Every time humans cut into the Amazon rainforest or burn or destroy parts of it, they're making people sick. Now, a new study in the journal Communications Earth & Environment adds to the scientific evidence...

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