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Dropbox CEO Drew Houston speaks onstage during the Dropbox Work In Progress Conference at Pier 48 on September 25, 2019 in San FranciscoDropbox on Thursday announced plans to cut 500 employees, or about 16% of its workforce, according to a blog post on the company's website. Dropbox CEO Drew Houston said in the blog post that the company has been reckoning with slowing growth, in part due to a maturation of its business, but also as a result of economic headwinds that are pressuring its customers. This story is developing. Please check back for updates.

Amazon is scheduled to report first-quarter earnings after market close Thursday. Last quarter, Amazon Web Services missed estimates, growing 20% in the period, down from 27.5% in the third quarter. They said AWS growth is likely to come in at 13% in the first quarter. Amazon is also contending with decelerating growth in its core retail segment. Even amid the cost cuts, Jassy said Amazon is investing in areas like grocery, health care, its Kuiper internet satellite service and generative artificial intelligence.

Amazon will no longer sell its Halo health and fitness tracker, the company announced Wednesday. Amazon will stop supporting Halo devices and the Halo app on July 31. "At Amazon, we think big, experiment, and invest in new ideas like Amazon Halo in our efforts to delight customers," the company said. "While we are proud of what we built, we recently made the difficult decision to stop supporting Amazon Halo effective July 31, 2023." The company said it will refund any purchases made in the last year of Halo View, Halo Band, Halo Rise and Halo accessory bands.

Amazon Web Services CEO Adam Selipsky and human resources head Beth Galetti sent notes to staffers informing them of the job cuts. I wanted to let you know that conversations with impacted AWS employees started today, with notification messages sent to all impacted employees in the U.S., Canada, and Costa Rica. In other regions, we are following local processes, which may include time for consultation with employee representative bodies and possibly result in longer timelines to communicate with impacted employees. To those to whom we are saying goodbye today, thank you for everything you have done for this business and our customers. In other regions, we are following local processes, which may include time for consultation with employee representative bodies and possibly result in longer timelines to communicate with impacted employees.

Reviews from these members often appear as an "Amazon Vine Review" or a "Vine Voice." Amazon said it prohibits review abuse, including offering incentives like gift cards to write positive reviews. The rise of ChatGPT and other AI chatbots could make it easier for bad actors to generate fraudulent reviews. Third-party sellers on Amazon are already using the tool to help write product listings and catchy titles, as well as marketing copy. WATCH: Many of the reviews on Amazon are fake, here's how to spot them

Amazon delivery drivers at one of the company's California facilities joined the International Brotherhood of Teamsters, the union said Monday, in a win for labor organizers that have long sought to gain a foothold at the e-retailer. "We want fair pay and safe jobs, to be able to provide food for our families," said Rajpal Singh, an Amazon delivery driver at the Palmdale facility, in a statement. Randy Korgan, director of the Teamsters' Amazon division, said the union is "coordinating nationwide" with Amazon workers. So far, only one Amazon warehouse in the U.S. has voted to join a union. WATCH: Amazon drivers describe pressures and pitfalls of delivering for a DSP

Whole Foods plans to reorganize certain global and regional support teams over the next two months, the company's executive team wrote in a memo to employees on Thursday. Creating a unified, companywide Operations team by transitioning category-specific store operations support from regions to a single Field Support team within our Global Operations team. by transitioning category-specific store operations support from regions to a single Field Support team within our Global Operations team. Enhancing Team Member Services (TMS) support for Team Members and Leaders across the company by realigning TMS team structures. Adjusting structures and improving processes of several other Global Support teams to provide more effective, timely, and consistent support to stores and ensure support teams can focus on priority initiatives.

Amazon on Tuesday began laying off some employees in its advertising as part of CEO Andy Jassy's effort to rein in costs, the company confirmed. Jassy last month announced Amazon would lay off 9,000 employees, on top of the 18,000 cuts already announced last November and in January. In March, Jassy said the latest round would affect employees in Amazon's advertising, cloud computing, Twitch livestreaming and human resources divisions. Importantly, I want to acknowledge and thank our impacted colleagues for the work they have done on behalf of Amazon Ads customers. PaulWATCH: Watch CNBC's full interview with Amazon CEO Andy Jassy on message to investors, new AI tools and stock price

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