Bad news for employees of this company as it sacks 100 employees for..., not Narayana Murthy's Infosys, Ratan Tata's TCS, Wipro, IBM, name is...
Narayana Murthy, Late Ratan Tata and Azim Premji- File image (Left to right)
Bad news for Amazon employees: In massive development coming from Amazon and a matter of bad news for the IT sector employees across the world, Amazon, a global IT giant has reportedly laid off hundred employees within its Devices and Services division. As per the statement of the company quoted by a report covered by CNBC, the jobs within its Devices and Services division represented a small number of the total jobs in the unit and the reported layoff was a part of the regular business review of the company. Here are all the details you need to know about the recent news from Amazon. Amazon sacks employees in Devices and Services unit
For a background information about the role that the Devices and Services unit is responsible for, readers should note that their role includes that of developing popular hardware products such as the Echo smart speakers, Fire TV devices, and Ring security systems.
'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 was quoted as saying in her statement by Times of India.
'We don't make these decisions lightly, and we're committed to supporting affected employees through their transitions', the CEO added in her statement about the company. Amazon's cost-cutting plan
Readers should also note that Amazon CEO Andy Jassy has been on a mission to cut costs across the company. In the process of the cost cut, the company has laid off 27,000 employees since the beginning of 2022, the CNBC report said.
The reason for this massive wave of layoffs in the Information and Technology world is the economic down turns the companies across the world are facing at this point in time. Readers also note that an official statement specifying the recent layoff at Amazon has not been issued and an official confirmation is awaited.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
3 hours ago
- Economic Times
Google removes NSFW app XShorts from Play Store after ads scandal: Report
Google has removed the adult short video app XShorts from its Play Store after an Adweek report revealed that the platform—despite carrying a 'Teen' rating—was hosting sexually suggestive and racially offensive content, while also running ads from major brands including Verizon, Shell, and Amazon. XShorts, a short-form video app similar to TikTok, had been trending among the top five apps on the Play Store this week. However, the app's misclassification allowed it to sidestep typical ad safety controls, exposing top brands to reputational risk. Ad servers and demand-side platforms (DSPs) such as Facebook Audience Network, Amazon, AppLovin, Basis, InMobi, and Moloco had unknowingly served ads to the app based on its maturity rating. The incident highlights the complex challenges of digital ad placement in the automated, fast-moving programmatic ecosystem—particularly with emerging platforms that escape proper outreach from Adweek, DSPs including Meta, Basis, InMobi, and Moloco took steps to either block or reclassify XShorts. Meanwhile, brands such as Roblox, Puck, Todd Snyder, and &SONS tightened their ad placement controls or blocked the app independently confirmed ad placements on XShorts for companies including Audible, Walgreens, Microsoft, Popeyes, Starbucks, Roblox, Gatorade, Wayfair, Instacart, and Square. The app displayed both banner ads beneath videos and full-screen ads between videos. Although a Google search may still list the Play Store link for XShorts, the page now shows an error message: 'We're sorry, the requested URL was not found on this server.'
Hindustan Times
3 hours ago
- Hindustan Times
Amazon to restore 400M litres of water yearly to Yamuna watershed near Delhi
New Delhi: Corporate giant Amazon has initiated a water replenishment project for the Yamuna River watershed near Delhi, which aims to restore over 400 million litres of water annually. Announced during Amazon's Water Dialogues 2025 event in New Delhi on Thursday, the project aims to address the 'region's critical groundwater decline exacerbated by urban sprawl and over-extraction.' The initiative, implemented in partnership with ecosystem restoration firm Hasten Regeneration, will feature a groundwater recharge programme. It combines the rehabilitation of existing water infrastructure, including check dams and ponds, besides working towards the construction of new water-saving structures such as percolation pits and recharge shafts. Additionally, Amazon will be planting vegetation around these structures to prevent erosion, increase the moisture in soil, and improve local landscapes. Rehabilitation sites will be selected within the Yamuna River watershed. Hasten will collaborate with 2023 National Water award winner Arpan Seva Sansthan and Bengaluru-based water consultancy Clear Water Dynamics, selecting strategic sites within the Yamuna basin. Abhinav Singh, vice president of operations, Amazon India & Australia said that the initiative 'represents a significant step toward our goal to replenish more water than we use in India by 2027.' Biju Janata Dal (BJD) MP Sasmit Patra who was the keynote speaker at the event said,'The inaugural Water Dialogues... marks an important step in advancing collaboration around India's pressing water challenges... We welcome this effort to encourage greater private sector engagement.' The Water Dialogues event convened policymakers, including Niti Aayog's Yugal Joshi, water conservationist Anand Malligawad, and other stakeholders to discuss water sustainability solutions.
Time of India
8 hours ago
- Time of India
Amazon freezes retail hiring budget for 2025 amid job cuts
Amazon is freezing its hiring budget for its retail business this year, according to a report by Business Insider. As per the report, an internal email revealed that the Seattle-based retailer plans to keep "flat headcount opex," or operating expense, this year compared to last. These costs include employee salaries and stock-based compensation. An Amazon executive shared earlier this year that any rise in the hiring budget will face close scrutiny and require strong justifications. The retail business is shifting its focus from headcount targets to managing teams based on fixed operating budgets. Amazon's retail division covers a wide range of operations, including its online store, logistics network, and fresh grocery service. These changes affect only corporate staff in Amazon's retail division, not warehouse workers or those in Amazon Web Services, the company's cloud division. An Amazon spokesperson told Business Insider that the company will continue hiring, and a freeze on increasing the hiring budget doesn't mean recruitment is stopping. "Each of Amazon's many businesses has its own approach to hiring based on its individual needs," said Hoffman. "However, across the company, we've historically considered both the number of people we need to hire and the associated costs — that is, operating expenses or opex — of those hiring decisions." This report immediately follows the job cut announcement in Amazon's books division, including at Goodreads and Kindle units. The company stated that fewer than 100 employees were impacted, and that the aim was to boost efficiency and streamline operations. The news aligns with CEO Andy Jassy's ongoing focus on improving profit margins and operational efficiency. He is also working to cut down on what he describes as excessive bureaucracy within the company, including reducing the number of managerial roles. Last month, Amazon also laid off workers in its devices and services division. However, it is to be noted that, despite these reductions, the company added approximately 4,000 jobs in the first quarter of this year compared to the same period last year.
