Amazon faces renewed pressure from UK lawmakers over warehouse conditions

YCD News—-UK lawmakers have called on Amazon to clarify comments made by a senior executive at a recent parliamentary hearing, after an advocacy group accused him of providing “misleading” evidence concerning the company’s treatment of warehouse workers. An Amazon spokesperson told Reuters the company strongly denied the executive – European policy chief Brian Palmer – …

Amazon’s latest layoff plan: About 1,000 employees will be fired in India!

YCD news — Amazon will lay off about 1,000 employees in India as part of its global layoffs. Last week, it was reported that the e-commerce giant will lay off more than 17,000 people worldwide, exceeding the original plan of 10,000. “The decision to cut 18,000 jobs globally will affect about 1,000 employees in India,” …

Amazon to layoff over 18k employees

YCD News——Chief Executive Officer Andy Jassy announced the move in a memo to staff Wednesday, saying it followed the company’s annual planning process. The cuts, which began last year, were previously expected to affect about 10,000 people. The reduction is concentrated in the firm’s corporate ranks, mostly Amazon’s retail division and human resources functions like …

Amazon won $8 billion in unsecured loans and will go all out to deal with uncertainty!

YCD news — On January 3, Amazon said that it has reached an agreement with a number of lenders that will provide Amazon with $8 billion in unsecured loans. The loan was arranged by TD Securities (USA) LLC and will mature in 364 days (January 3, 2024), with an option to extend for a further …

Amazon planning standalone app for sports content

YCD News–Amazon is working on a standalone app for watching sports. Sports remains one of the biggest attractions for live viewing as U.S. audiences increasingly switch from pay TV subscriptions to streaming apps. The move will likely complement Amazon’s effort to double down on sports programming through its Prime Video service, a key channel to …

Amazon warehouse workers get ‘big win’ with New York law on quotas

YCD news-A new law in New York will require companies that operate distribution centers to be more transparent about their work requirements, aiming to protect warehouse workers from possibly unlawful quotas. Gov. Kathy Hochul last week signed the Warehouse Worker Protection Act, which is modeled after a similar, first-in-the-nation law signed in California last year. The New York …

Winter Weather Turns a Last-Minute Christmas Gift Into a New Year’s Gift

Last-minute Christmas presents turned into early New Year’s presents in parts of the snow-covered U.S., YCD news. A massive winter storm has swept through much of the United States, bringing harsh winter weather and forcing shipping lines to ground planes, close package facilities and keep trucks off the road. The dangerous storm killed at least …

Amazon UAV starts to deliver goods!

YCD news, Amazon announced that it has officially started to use the MK27-2 UAV to deliver goods to customers in California (Rockford) and Texas (University Town). In June 2022, the e-commerce giant announced for the first time that it would launch UAV delivery service in California, California. Six months later, this service was finally successfully …

RS Reminder: Sellers with annual income over $600 must file tax returns

YCD news, recently the US Internal Revenue Service issued a reminder that beginning in January 2023, taxpayers will need to download the 1099-K form for all sales of goods and services received through payment applications such as Venmo, PayPal, and Cash App that exceed US$600. The requirement is one of the provisions of the American …

Amazon launches a TikTok-like feature, buyers can “shopping while watching videos”

YCD news, on December 8, Amazon announced the launch of a new feature called “Inspire”, which is similar to TikTok and allows buyers to shop through videos and pictures within the app. It is reported that this feature will be available to some US customers in early December, and will be available to all users …