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Search resuls for: "GeekWire"


9 mentions found


☆ 5 former Amazon managers tell us what they loved about the company — and what they were glad to leave behind
  + stars: | 2022-11-16 | by ( Diamond Naga Siu | Katie Malone | ) www.businessinsider.com   time to read: +11 min
Many other leaders do the same, the former Amazon leader said. the current Microsoft employee said. For instance, Microsoft gets the whole company together to do activities and donate to causes they like, which Amazon doesn't do, the current Microsoft employee said. Malte Mueller/Getty ImagesDrive for excellence, with burnoutBeyond teaching its own leadership tenets, Amazon isn't big on manager training, one of the current Google employees said. Without proper institutional support, constantly operating at such a high level can lead Amazon employees to burnout, a former Amazon leader who now works at Google said.
☆ Amazon starts cutting jobs, with layoffs hitting Alexa unit and cloud gaming division
  + stars: | 2022-11-15 | by ( Annie Palmer | ) www.cnbc.com   time to read: +1 min
Andy Jassy, chief executive officer of Amazon.Com Inc., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. Amazon on Tuesday began laying off employees in its corporate and tech workforce as CEO Andy Jassy steps up efforts to rein in costs. The company notified workers in several divisions, including Alexa and the Luna cloud gaming unit, that they were being let go, according to LinkedIn posts from Amazon employees who said they had been impacted. Amazon is aiming to eliminate about 10,000 jobs, mostly in retail, devices and human resources, The New York Times reported Monday. One employee, who asked to remain anonymous, said Amazon informed her earlier this month that it wouldn't be renewing her contract.
☆ Amazon's job cut plans show that tech isn't out of the woods just yet
  + stars: | 2022-11-15 | by ( Matt Weinberger | ) www.businessinsider.com   time to read: +6 min
Indeed, as Insider reported last week, Mark Zuckerberg isn't ruling out the possibility of more layoffs at Meta. Amazon CEO Andy Jassy Dan DeLong/GeekWire1. Meta CEO Mark Zuckerberg Photo by Liu Jie/Xinhua via Getty2. The tech titans are known for paying the big bucks, but that's not the only way to make it in tech. Tech leaders like Ancestry CEO Deb Liu and Scale AI CEO Lucy Guo will appear on stage.
☆ Amidst the layoffs at Amazon, the company's ultra-secretive research lab is at risk of being shut. It's a sign things are changing 'dramatically' at the company.
  + stars: | 2022-11-14 | by ( Eugene Kim | ) www.businessinsider.com   time to read: +14 min
Early last month, members of Amazon's secretive in-house research lab, Grand Challenge, were called into an unexpected video meeting. Weibel announced 3 of the 5 projects Grand Challenge was working on would shut down, effective immediately. When other team employees wanted to collaborate with the team, they needed additional approvals from its leadership. Amazon Glow was among the Grand Challenge projects to be discontinued at the end of this year. Getting support promoting Grand Challenge projects was a challenge too.
☆ Amazon reportedly plans to lay off about 10,000 employees starting this week
  + stars: | 2022-11-14 | by ( Ashley Capoot | ) www.cnbc.com   time to read: 1 min
Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. Amazon will lay off more than 10,000 employees in corporate and technology roles beginning this week, according to a report from The New York Times. This is breaking news. Please check back for updates.
☆ Jeff Bezos sued by former housekeeper over working conditions, discrimination by other staff
  + stars: | 2022-11-03 | by ( Annie Palmer | ) www.cnbc.com   time to read: +3 min
Jeff Bezos, owner of Blue Origin, introduces a new lunar landing module called Blue Moon during an event at the Washington Convention Center, May 9, 2019 in Washington, DC. A woman who says she worked as a housekeeper for Jeff Bezos is suing the Amazon founder and companies that manage his properties, claiming she endured "unsafe and unhealthy work conditions" and was subject to racial discrimination by other staff. Mercedes Wedaa said she was hired by Bezos' staff in 2019 to help maintain the billionaire tech magnate's Seattle-area property. The lawsuit claims there was no designated break room or rest area, and no easily accessible bathroom. Wedaa claims she was ultimately fired from her role after she raised complaints about working conditions and discriminatory behavior.
☆ Amazon sell-off pushes market cap below $1 trillion for first time since April 2020
  + stars: | 2022-11-01 | by ( Ashley Capoot | ) www.cnbc.com   time to read: +1 min
Shares of the e-retailer plunged 5.9% on Tuesday, falling for a fifth straight day and closing at their lowest since April 2020. Amazon said revenue during the holiday quarter would grow 2% to 8% over the year-ago period, far below analysts' estimates. It's the first time Amazon's market cap has been below $1 trillion since April 2020. Like the rest of Big Tech, Amazon has struggled this year due to a slumping economy, soaring inflation and rising interest rates. Meta told investors last week that revenue in the fourth quarter would likely decline for a third straight period.
☆ Cannabis companies are reeling from the market downturn, and they're slashing jobs and reining in spending to survive
  + stars: | 2022-09-19 | by ( Jeremy Berke | ) www.businessinsider.com   time to read: +5 min
Cannabis companies from startups to public giants are laying off employees as sales slow. The cannabis industry is in a full-on downturn. Cannabis companies also don't have access to much of the nuts-and-bolts of the banking system like their non-cannabis counterparts. Investment into cannabis companies has dried upThe spigot has slowed to a trickle on the once-plentiful venture-capital and private-equity firehose of investment into cannabis startups. Hauser said that capital for cannabis companies is only getting more expensive and more elusive.
☆ After 28 years, 'Day 2' finally arrives at Amazon
  + stars: | 2022-08-24 | by ( Eugene Kim | ) www.businessinsider.com   time to read: +11 min
Amazon is known for "Day 1" culture, maintaining a nimble mindset found on a startup's first day. This is a big challenge facing Amazon CEO Andy Jassy, who replaced founder Jeff Bezos last year. On May 26, Amazon retail CEO Dave Clark held a fireside chat with employees at an internal event called Fishbowl. But 28 years on, Day 2 has finally arrived, according to more than a dozen current and former Amazon employees who cited problems including a stodgy engineering culture, extra management layers, and rising red tape. "Historically Amazon was one of the best places for builders, but now when people want to build, they leave Amazon," this person said.
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