It took more than two and a half years, but Amazon’s round trip is now complete. This, as the eCommerce and cloud computing giant’s double-digit, post-earnings dive Thursday evening (Oct 27) pushed its already battered stock price even lower, touching levels not seen since the...
Amazon is now offering an online store for home property insurance in the U.K. designed to streamline the shopping and decision-making process with a simplified quote questionnaire, competitive rates, and transparency. The Amazon Insurance Store provides a shopping experience with like-for-like quote comparisons and checkout...
In an ongoing effort to curtail costs, Amazon is pulling the plug on the recent testing phase of its autonomous home delivery robots. Scout, Amazon’s self-driving delivery robot that rolled out in 2019, is no longer in operation, Bloomberg reported on Friday (Oct. 7) citing unnamed sources...
Amazon is launching a new initiative that seeks to support entrepreneurs from underrepresented backgrounds with venture capital (VC) funding. The Catalytic Capital initiative will invest $150 million into VC funds, accelerators, incubators and venture studios that provide funding to entrepreneurs from marginalized environments, generally at...
Amazon is hitting pause on corporate hiring for its retail business for the rest of 2022, according to an internal announcement The New York Times reported on Tuesday (Oct. 4). The eCommerce giant is just one among numerous companies that have pulled back in the...
In eCommerce, it’s not just the convenience factor that will get consumers to click the buy button, especially into the all-important holiday shopping season — increasingly, there’s the affordability factor to consider too. Layaway counts among Amazon’s latest iteration of payment options, a nod to...
Amazon has launched “Amazon Access,” a resource hub to help shoppers, including those seeking information on Prime’s discounted membership program for qualifying government assistance recipients. The hub, announced in a news release on Monday (Oct. 3), offers information on payment options such as Supplemental Nutrition Assistance...
Amazon is raising wages for its front-line workers, and introducing a benefit that lets them collect their pay at any time during the month. As the company said in a news release Wednesday (Sept. 28) evening, the average starting pay for front-line employees in customer...
Amazon has been encouraging customer service employees to work from home to help save money on real estate, Bloomberg wrote. The shift is part of a larger plan to close some call centers around the country — including one in Kennewick, Washington that has operated...
