Tag: amazon

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 – …

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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,” …

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

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 …

Read more “Amazon to layoff over 18k employees”

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 …

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