DIRS.INFO The most relevant business & tech news

☆ Amazon closes deal to buy primary care provider One Medical
▼ + stars: | 2023-02-22 | by ( Annie Palmer | ) www.cnbc.com time to read: +3 min

Amazon on Wednesday said it had closed its $3.9 billion deal for primary care provider One Medical. Amazon agreed last July to acquire One Medical to deepen its presence in health care, and "dramatically improve" the experience of getting medical care. The deal gives Amazon access to One Medical's more than 200 brick-and-mortar medical offices in 26 markets, and roughly 815,000 members. In a statement, he said health care is ripe for disruption, citing long appointment times and the complexities of primary care. "Together, we believe we can make the health care experience easier, faster, more personal, and more convenient for everyone."

☆ Amazon employees express dismay, anger about sudden return-to-office policy
▼ + stars: | 2023-02-21 | by ( Annie Palmer | ) www.cnbc.com time to read: +4 min

Amazon employees on Tuesday continued to sound off about CEO Andy Jassy's recently announced return-to-office mandate, including spamming an internal website with messages conveying their opposition to the new policy. The petition urges Jassy and Amazon's leadership team, known as the S-team, to drop the mandate, just days after it was announced. The group has since amassed 16,000 members, and about 5,000 employees have signed the petition as of Tuesday night. "By arbitrarily forcing return-to-office without providing data to support it and despite clear evidence that it is the wrong decision for employees, Amazon has failed its role as earth's best employer," according to screenshots viewed by CNBC. Last week, Jassy acknowledged that calling employees back to the office would come with some challenges.

☆ Amazon employees push CEO Andy Jassy to drop return-to-office mandate
▼ + stars: | 2023-02-21 | by ( Annie Palmer | ) www.cnbc.com time to read: +4 min

A group of Amazon employees is urging CEO Andy Jassy to reconsider a recent return-to-office mandate. Last week, Jassy announced Amazon would require corporate staffers to spent at least three days a week in the office beginning May 1. Staffers on Friday created a Slack channel to advocate for remote work and share their concerns about the new return to work policy, according to screenshots viewed by CNBC. Amazon hasn't addressed whether remote employees will be asked to relocate, beyond Jassy noting that there will be "a small minority" of exceptions to the new policy. WATCH: Andy Jassy on the benefits of remote work

☆ Amazon tells employees to be in the office at least three days a week
▼ + stars: | 2023-02-17 | by ( Annie Palmer | ) www.cnbc.com time to read: +3 min

In response to the coronavirus outbreak, Amazon recommended all employees in its Seattle office to work from home, leaving much of downtown nearly void of people. Amazon is instructing corporate staffers to spend at least three days a week in the office, CEO Andy Jassy wrote in a memo on Friday. Other companies have recently called their employees back to the office either full time or several days a week as the Covid-19 pandemic has eased. Google and Apple have required some of their employees to return to the office since last year, while Disney in January began requiring hybrid employees to be in the office four days a week. Jassy said one of the benefits of being back in the office is that employees will have more opportunities to workshop ideas and innovate.

Dozens of employees at a Tesla factory in upstate New York have been fired just days after launching a union campaign, organizers alleged Thursday. In a complaint with the National Labor Relations Board, Workers United said Tesla fired more than 30 workers from its Autopilot unit at a Buffalo plant as a retaliatory measure and to discourage union activity. Employees at the Buffalo facility on Tuesday launched organizing efforts under the union Tesla Workers United. Workers received an email Wednesday evening laying out a new policy that prohibits them from recording workplace meetings without the permission of all participants, Tesla Workers United said in a release Thursday. In 2017, Tesla fired a union activist named Richard Ortiz, and in 2018, Musk tweeted a comment found to have violated federal labor laws.

☆ DoorDash stock pops after revenue beat, rosy guidance
▼ + stars: | 2023-02-16 | by ( Annie Palmer | ) www.cnbc.com time to read: +1 min

A DoorDash sign is pictured on a restaurant on the day they hold their IPO in New York, December 9, 2020. Shares of DoorDash jumped as much as 6% in extended trading Thursday after the food delivery company reported better-than-expected sales for the fourth quarter and gave upbeat guidance for the current period. For the current quarter, DoorDash said it expects marketplace gross order volume to be between $15.1 billion and $15.5 billion. DoorDash said in the quarterly earnings report that its president and COO Christopher Payne will retire from the company. Payne will be succeeded by DoorDash CFO Prabir Adarkar, who will take over the COO role effective March 1.

☆ DocuSign to lay off 10% of its workforce, or about 700 employees
▼ + stars: | 2023-02-16 | by ( Annie Palmer | ) www.cnbc.com time to read: +1 min

The Docusign Inc. website on a laptop computer arranged in Dobbs Ferry, New York, U.S., on Thursday, April 1, 2021. E-signature software company DocuSign on Thursday announced plans to cut around 10% of its workforce. DocuSign had 7,461 employees in January 2022 before it announced an earlier round of layoffs last September that impacted 9% of its workforce. The company said the latest cuts will impact about 700 employees. DocuSign said it is cutting employees in order to support the company's growth, scale and profitability objectives.

☆ Amazon cuts ties with EU distributors amid wider push to trim costs
▼ + stars: | 2023-02-15 | by ( Annie Palmer | ) www.cnbc.com time to read: +4 min

Amazon plans to cut ties with many European distributors who supply goods on its site, as it looks for ways to trim costs, the company confirmed. Unlike third-party merchants, who handle the selling process themselves, distributors act as a middleman between Amazon and retail brands by buying up inventory from the product manufacturer, then selling it to Amazon. Distributors will be able to continue selling goods on Amazon as third-party merchants. Amazon will hold off on implementing the change until April, "in order to help wholesalers and distributors" prepare, the spokesperson added. The move coincides with Amazon's broader push to automate aspects of its vendor management business.

☆ Tesla employees launch New York union campaign
▼ + stars: | 2023-02-14 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Tesla employees in New York have launched a campaign to organize a union with Workers United Upstate New York, according to a release posted to Twitter Tuesday. The union, Tesla Workers United, would be the first for Tesla if it is formed. "We want Tesla to be the company we know it can be," the workers wrote in the release. In 2018, Musk shared a tweet that said employees would lose stock options if they formed a union. The next step for organizers is to collect signatures from employees saying they want a union.

☆ Roomba maker iRobot to lay off about 7% of its workforce
▼ + stars: | 2023-02-13 | by ( Annie Palmer | ) www.cnbc.com time to read: +1 min

Roomba maker iRobot on Monday announced plans to cut around 7% of its workforce. The cuts will affect roughly 85 employees, iRobot said in its fourth-quarter earnings report. For the fourth quarter, the company lost $84.1 million on $357.9 million in revenue. Amazon laid off roughly 18,000 corporate staffers, while Meta , Google , Salesforce and others have announced significant job cuts. iRobot will take a $4 million impairment charge as a result of the layoffs.

☆ Amazon's Zoox robotaxi now giving rides to employees on public roads in California
▼ + stars: | 2023-02-13 | by ( Annie Palmer | ) www.cnbc.com time to read: +3 min

Amazon -owned autonomous vehicle venture Zoox said on Monday that it is now testing its self-driving robotaxis on public roads in California with passengers on board. Zoox executives said the company began the tests after it received approval from the California Department of Motor Vehicles last week. Zoox said one of its vehicles completed a test run with employees on board over the weekend. Zoox unveiled its custom-built, electric robotaxi in 2020, with an eye on offering on-demand autonomous transportation in urban settings. It will continue to test the vehicle with employees and expects to launch a shuttle service for staffers this spring.

One of Amazon 's key air cargo operators said Monday that the e-commerce giant is scaling back on flights this year, citing lower demand and slower economic growth. Air cargo rates, which surged in recent years due to port congestion and high demand for fast deliveries, have slumped. The International Air Transport Association said last month that air cargo demand in November was down nearly 14% from the year-ago period, while capacity fell 1.9%. Through Amazon Air, the company has built up a burgeoning air network to control more aspects of the delivery process and ensure faster delivery. WATCH: How the pandemic shifted how Boeing and airlines think about air cargo

☆ Amazon stock hit hardest after tech earnings bonanza, despite misses by Apple and Alphabet
▼ + stars: | 2023-02-03 | by ( Annie Palmer | ) www.cnbc.com time to read: +3 min

Its stock was hit harder than peers Apple and Alphabet , which also reported on Thursday evening. Shares of Apple were trading up about 4% on Friday morning while Alphabet was down about 1%. Amazon said it expects revenue of between $121 billion and $126 billion in the current quarter. Similarly, despite Alphabet's misses, analysts are bullish on its prospects for artificial intelligence and highlighted its strong core business. WATCH: Arete Research's Richard Kramer on the outlook for Apple, Amazon and Alphabet

☆ Amazon is shutting some Fresh and Go stores as the company cuts costs
▼ + stars: | 2023-02-02 | by ( Annie Palmer | ) www.cnbc.com time to read: +3 min

Amazon will also temporarily halt expansion of its line of Fresh grocery stores until it can find a format that differentiates the company's offering from others in the industry. Amazon currently operates several dozen Fresh grocery stores and 28 Amazon Go convenience stores, according to its website. The Information reported in December that a handful of built-out U.S. Amazon Fresh stores sat vacant, signaling a pullback in the company's grocery strategy. Amazon has been determined to crack the grocery segment since the launch of its Fresh grocery delivery service in 2007. Last March, Amazon announced it would slim down its physical stores portfolio by shutting all its Amazon Books, 4-star and Pop Up shops.

☆ Amazon to report quarterly results after market close
▼ + stars: | 2023-02-02 | by ( Annie Palmer | ) www.cnbc.com time to read: +3 min

Amazon will report fourth-quarter earnings after the market close on Thursday. The company warned in its most recent earnings report that fourth-quarter revenue would rise just 2% to 8% from a year earlier. Amazon Web Services is expected to show slowing growth during the fourth quarter as businesses softened their spending in an effort to cut costs. One bright spot could be Amazon's advertising business, which is expected to post solid revenue growth during the quarter. Apple and Alphabet also report results after the bell on Thursday, wrapping up earnings season among the highest-valued tech companies.

☆ Amazon told lawmakers it wouldn't build storm shelters in warehouses after fatal collapse
▼ + stars: | 2023-02-02 | by ( Annie Palmer | ) www.cnbc.com time to read: +4 min

Amazon said it won't build storm shelters in its warehouses after a tornado ripped through one of its Illinois facilities more than a year ago, killing six workers. OSHA guidelines say that basements, storm cellars or small interior rooms provide the best protection from a tornado. Amazon previously said it followed federal guidance to tell employees to take shelter immediately after there was a tornado warning. The families of two employees killed in the building collapse have filed wrongful death lawsuits against Amazon and the companies that built the warehouse. Reconstruction of the Edwardsville warehouse began in June, according to KSDK, the NBC affiliate in St. Louis, Missouri.

☆ Amazon cited by Labor Department for second time in a month over warehouse injuries
▼ + stars: | 2023-02-01 | by ( Annie Palmer | ) www.cnbc.com time to read: +3 min

Federal safety inspectors on Wednesday issued citations against Amazon at three of its warehouses for putting workers at risk of serious injury, the second such penalty in a month. The move comes after OSHA last month cited Amazon for failing to keep workers safe at three other facilities. "Amazon's operating methods are creating hazardous work conditions and processes, leading to serious worker injuries," said Doug Parker, assistant secretary for Occupational Safety and Health, in a statement. Amazon also faces a separate investigation by the U.S. Attorney's Office's civil division that centers around worker safety hazards at the e-retailer's facilities nationwide. As part of the probe, investigators are also looking into whether Amazon has accurately reported worker injuries and if it misrepresented those injuries to lenders to obtain credit.

☆ Amazon layoffs hit workers in robotics, grocery, health and AWS divisions
▼ + stars: | 2023-01-31 | by ( Annie Palmer | ) www.cnbc.com time to read: +2 min

The database, which was circulated widely on LinkedIn, provides a window into the businesses hit with layoffs. Subsequent filings with state agencies offered a glimpse into the geographical dispersal of the layoffs. In Amazon's home state of Washington, at least 2,300 employees lost their jobs, according to Worker Adjustment and Retraining Notification (WARN) filings. Here's a breakdown of where job cuts took place. CNBC verified that the staffers listed as Amazon employees worked for the company.

☆ Earnings playbook: Apple and Google-parent Alphabet lead the busiest week of reports
▼ + stars: | 2023-01-29 | by ( Fred Imbert | ) www.cnbc.com time to read: +14 min

Tuesday General Motors is set to report earnings before the bell, followed by a conference call at 8:30 a.m. What history shows: Data from Bespoke Investment Group shows GM beats earnings expectations 85% of the time. McDonald's is set to report earnings before the bell, with company leadership set to hold a call 8:30 a.m. What history shows: Qualcomm has either beaten or matched analysts' earnings expectations in the last 32 quarters, according to FactSet. Alphabet is set to report earnings after the close, followed by a conference call at 4:30 p.m.

☆ Amazon to start charging delivery fees on Fresh grocery orders under $150
▼ + stars: | 2023-01-27 | by ( Annie Palmer | ) www.cnbc.com time to read: +1 min

Amazon will start charging delivery fees for Fresh grocery orders that are less than $150, in a move it said will help keep prices low on its services. Beginning Feb. 28, Prime members who want home delivery from Amazon Fresh will incur a $9.95 delivery fee for orders below $50, while orders between $50 and $100 will include a $6.95 delivery fee, and orders between $100 and $150 will have a $3.95 delivery fee, the company said in a note to customers viewed by CNBC. Only Prime members can use the Amazon Fresh delivery service, although anybody can shop at an Amazon Fresh grocery store. Amazon previously guaranteed members of its $139-a-year Prime service free delivery on Fresh orders over $35. In 2021, Amazon added a $10 service fee for Whole Foods delivery orders to Prime members, after previously offering them for no extra charge.

☆ Amazon adds generic prescription perk for Prime members
▼ + stars: | 2023-01-24 | by ( Annie Palmer | ) www.cnbc.com time to read: +2 min

The Amazon Pharmacy home screen on a laptop computer arranged in the Brooklyn Borough of New York, U.S., on Tuesday, Nov. 17, 2020. Amazon on Tuesday announced a new prescription perk for U.S. Prime members, hoping to boost subscriptions and attract users to its pharmacy service. Amazon introduced, then shuttered, a telehealth service called Amazon Care, and announced in July it would acquire boutique primary care provider One Medical. Amazon also offers a Prime prescription savings benefit, which offers a discount of up to 80% on generic medications and up to 40% on brand-name prescriptions. An August report from Morgan Stanley found Amazon Pharmacy didn't rank as a top perk for Prime members, based on a survey of users, according to Business Insider.

☆ Amazon expands air cargo service to India even as company cuts costs
▼ + stars: | 2023-01-23 | by ( Annie Palmer | ) www.cnbc.com time to read: +2 min

To match Insight AMAZON.COM-SHIPPING/ REUTERS/Mark MakelaAmazon on Monday announced it's bringing its air cargo operations to India, marking fresh growth for the company's logistics arm even as it looks to cut costs in other divisions. Amazon Air will enable the company to offer faster deliveries to customers in India, said Sarah Rhoads, vice president of Amazon Global Air, in a statement. The launch of Amazon Air in India comes as Amazon CEO Andy Jassy is undergoing a broad review of the company's expenses as it stares down a worsening economic outlook and slowing retail sales. Amazon Air, which debuted in 2016, outsources operations to several airlines. Amazon has for years been working to grow its presence in India, which is poised to become one of the fastest-growing e-commerce markets in the world.

☆ Amazon's drone delivery unit hit with layoffs just as 10-year-old project finally launches
▼ + stars: | 2023-01-20 | by ( Annie Palmer | ) www.cnbc.com time to read: +12 min

Two employees said Carbon, who replaced Prime Air co-founder Gur Kimchi, was hired to turn Prime Air into a real business with a sensible budget. Sources with knowledge of Prime Air said cuts in the drone delivery business were expected considering the division's many struggles. Monica Williams, a College Station resident, poses with a Prime Air drone at a community event in July. College Station residents also expressed concern about the prospect of drones harming the deer, foxes and birds that are native to the area. "As we continue to expand, we will update you when drone delivery is available for your household."

☆ Amazon halts charity program
▼ + stars: | 2023-01-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon halts charity programCNBC's Annie Palmer and Wedbush's Michael Pachter join 'Power Lunch' to discuss why Amazon has decided to end its charity program, the effectiveness of the program and what the decision indicates about the health of Amazon's business.

☆ Amazon set to begin new round of layoffs affecting over 18,000 people
▼ + stars: | 2023-01-18 | by ( Annie Palmer | ) www.cnbc.com time to read: +1 min

The Amazon Spheres, part of the Amazon headquarters campus, right, in the South Lake Union neighborhood of Seattle, Washington, U.S., on Sunday, Oct. 24, 2021. Amazon on Wednesday will begin a fresh round of job cuts in what's expected to become the largest workforce cuts in its 28-year history. It comes after Amazon said in November it was looking to cut staff, including in its devices and recruiting organizations. Amazon isn't the only tech company making cuts to its workforce. WATCH: Tech layoffs mount as Amazon announces it's cutting another 18,000 jobs

Search resuls for: "Annie Palmer"

25 mentions found