Latest news with #CostCutting
Fast Company
4 days ago
- Business
- Fast Company
Amazon's layoffs at Goodreads: Another blow for the long-suffering book review platform?
Amazon famously started as an online bookstore. In the three decades since, it has disrupted how people buy, read, and review books through steps like undercutting local bookstore prices, launching the Kindle, and buying the book-review platform Goodreads. Now, Amazon has announced new job cuts, including at its Kindle and Goodreads teams, Reuters reports. In total, the company is reportedly cutting fewer than 100 jobs across its book division. Since 2022, Amazon has laid off about 27,000 employees as part of a cost-cutting strategy, according to CNBC. The online retailer claims its decision should streamline the impacted departments. 'As part of our ongoing work to make our teams and programs operate more efficiently, and to better align with our business roadmap, we've made the difficult decision to eliminate a small number of roles within the Books organization,' an Amazon spokesperson told Reuters. Criticism over Goodreads stewardship Amazon bought Goodreads in 2013 and has since been accused by the publishing industry of neglecting the book tracker and having only bought it to prevent competition. Goodreads 'hasn't been all that well maintained, or updated, or kept up with,' Jane Friedman, a publishing industry consultant, told The Washington Post in 2023. 'It does feel like Amazon bought it and then abandoned it.' The online retailer also has a review system and launched a 'Your Books' feature in 2023 for customers to track all their digital and print titles and get reading suggestions (another option available on Goodreads).
Washington Post
01-06-2025
- Business
- Washington Post
Musk and DOGE are a metaphor for early months of Trump's administration
Elon Musk said Friday that he is mostly done with Washington, but he leaves behind unfinished business, considerable damage and lowered expectations for his U.S. DOGE Service. He and the cost-cutting initiative are a metaphor for the first months of President Donald Trump's second term: big promises, lots of drama, disruption, mistakes, directional shifts and business far from finished.
Washington Post
23-05-2025
- Politics
- Washington Post
Chief justice temporarily blocks access to DOGE records in FOIA suit
Supreme Court Chief Justice John G. Roberts Jr. temporarily blocked a government watchdog group from obtaining records from the Trump administration's cost-cutting Department of Government Efficiency, whose inner workings have largely been shielded from public view. The brief administrative stay issued Friday will give the court more time to consider the underlying issues.
