1. Channel: Ecommerce & Digital

Amazon plans to cut 18K jobs

Written by Posted on Less than 0 min read

Amazon.com CEO Andy Jassy said the company plans to eliminate over 18,000 jobs, mostly from the company’s Amazon Stores and People, Experience, and Technology organization.

View Original Article
Member since
RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that goes well beyond conventional headline reporting. Each business morning, our editors post timely topics worthy of commentary by the RetailWire BrainTrust panel of industry experts and general readership. The results are virtual round tables of industry opinion and advice covering the most dynamic trends and issues affecting the retailing industry. https://retailwire.com/
Do you like RetailWire's articles? Follow on social!

More from RetailWire

  1. Channel: Grocery

Union leader says Giant Eagle wary about Kroger/Albertsons merger

Wendell Young, president of United Food and Commercial Workers Local 1776, which represents workers at Giant Eagle, says the grocery is closely watching the Kroger/Albertsons merger even though Kroger has been out of the Pittsburgh market for decades. “They’re going to be able to acquire products much cheaper. If you’re Giant Eagle — whether they […]
< 1 min read
0
  1. Channel: Ecommerce & Digital

Third-party sellers game Amazon’s search to earn best-seller label

Some companies selling goods on Amazon.com are putting strong sellers in slow categories so that their items list as a best-seller in the site’s search results. “Customers are less inclined to look closely at details, since they are using a smaller screen and probably shopping and buying faster compared to purchasing on a desktop or […]
< 1 min read
0
  1. Trends & External Forces

Zellers hits the comeback trail inside The Bay

The Hudson’s Bay Company shuttered nearly all the Zellers stores in Canada in 2013. Now the chain is being resurrected as a store-within-a-store concept inside The Bay. Zellers, which once was the go-to store for Canadians looking to stretch their dollars, faces more competition today at the low end of the market than it did […]
< 1 min read
0
  1. International

Loblaw to spend $1.5 billion to expand in Canada

Loblaw Companies intends to spend $1.5 billion and create more than 6,000 new jobs in construction, retail, supply chain and technology as it grows its operations in Canada. The grocer plans to open, relocate or renovate 38 stores and renovate or convert around 600 others. View Original Article Brick and Mortar International - North America […]
< 1 min read
0
  1. Associates & Employees

Twitch Layoff Cuts Down 35% of Its Workforce

Twitch is terminating about 35% of its employees, leaving 500 people jobless. View Original Article Associates Marketing: Social Media RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that goes well beyond conventional […]
< 1 min read
0
  1. Channel: Specialty & Other

Bed Bath & Beyond can’t pay its bills

Bed Bath & Beyond yesterday warned that it does not have sufficient cash to pay down its debts. The retailer defaulted on a credit line with JP Morgan and said in a securities filing that it is considering “all strategic alternatives, including restructuring its debt under the U.S. Bankruptcy Code.” View Original Article Editor's Choice […]
< 1 min read
0
  1. Channel: Restaurants

More Dual-Brand IHOP & Applebee’s Could Be on Route, but History Shows They Might Not Work

The opening of dual-brand restaurants has been on the rise, and according to an earnings call in February, executives of IHOP and Applebee’s said the two brands are planning to open several joint locations across the U.S. View Original Article Restaurants Results & Investment Executives Strategy RetailWire Member since October 25, 2020 Loading + Follow […]
< 1 min read
0
  1. Department: HBC

Tesla Owners Struggle To Charge Cars in Freezing Cold

Chicago’s recent icy grip has brought a wave of frustration for Tesla owners, who are struggling to charge their vehicles in the plummeting cold temperatures. View Original Article Dept. OTC RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for […]
< 1 min read
0
  1. Holiday & Events

Americans are willing to spend to keep Thanksgiving traditions

It costs more to travel than last year. It also costs more for a Thanksgiving meal. These inflation-driven realities do not appear to be deterring Americans in any significant way from their annual traditions. View Original Article Economy Holiday & Events RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier […]
< 1 min read
0
  1. Data & Insights

Remote worker numbers are hard to pin down

The Labor Department last week said that 72.5 percent of businesses reported that their employees rarely or never worked remotely last year, nearing the pre-pandemic level of 76.7 percent. Other research, however, shows that more Americans are working from home on a full- or part-time basis. “I see this survey as an outlier and not […]
< 1 min read
0
  1. Data & Insights

The Jonas Brothers, Katy Perry, and Other Music Stars Criticize ‘Enormous’ AI Threats

Over 200 artists, including Katy Perry, Billie Eilish, Kacey Musgraves, J Balvin, Ja Rule, Jon Bon Jovi, The Jonas Brothers, and Miranda Lambert, are voicing serious concerns about threats linked to artificial intelligence in the music industry. View Original Article AI Technology & Innovation RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire […]
< 1 min read
0
  1. Technology & Innovation

OpenAI Emulates Apple With Its New GPT Store for AI Apps

OpenAI has launched the GPT Store, a marketplace for AI apps. It’s a platform akin to Apple’s App Store, but for AI applications. View Original Article Technology & Innovation ChatGPT AI RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource […]
< 1 min read
0
  1. Channel: Specialty & Other

Trader Joe’s Recalls Organic Basil Product Linked to Salmonella Outbreak

The company’s Infinite Herbs Organic Basil product is recalled due to a possible salmonella contamination. View Original Article Dept. Natural / Organic Health & Wellness Trader Joes RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years […]
< 1 min read
0
  1. Retail Operations

IKEA to make $2.2 billion investment in U.S. omnichannel ops

IKEA will invest $2.2 billion over the next three years to open 17 new stores and pickup locations to drive omnichannel sales for the long haul. The investment is the biggest that IKEA has made since entering the U.S. market almost four decades ago. View Original Article Brick and Mortar Omnichannel BOPIS Results & Investment […]
< 1 min read
0
  1. Associates & Employees

Pay gap persists between men and women

Women earned 80 cents for every dollar earned by men in 2002, according to a Pew Research Center analysis of median hourly earnings of full-time and part-time workers. Women today earn 82 cents to every dollar earned by men. The pay gap is roughly the same for women who do and don’t have a college […]
< 1 min read
0
  1. Uncategorized

Powerball Jackpot Hits $521 Million

The Powerball jackpot climbed to a staggering $521 million after nobody claimed the grand prize in Wednesday’s drawing. Saturday’s drawing took place just after 11 p.m. EST, with the winning numbers announced shortly after. View Original Article RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving […]
< 1 min read
0
  1. Media & Marketing

Google Continues Job Cuts in Its Advertising Team

Google is releasing hundreds of employees from its advertising sales team. View Original Article Associates Google RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that goes well beyond conventional headline reporting. Each […]
< 1 min read
0
  1. Corporate Strategy

Gap’s 4Q concludes a disappointing year

Gap Inc. reported a loss of 75 cents per share for the fourth quarter, below the 46-cent decline expected by Wall Street. The retailer did manage to cut its net loss for the year to $202 million compared to $256 million in 2021. Gap suffered from sales declines, excess inventory and a need for a […]
< 1 min read
0
  1. Media & Marketing

TikTok may find it challenging to attract a buyer

The Biden administration is pushing TikTok to separate from its Chinese owners, but the company’s likely acquisition price, estimated to be $50 billion or more, may make it too pricey except for a small group of buyers. View Original Article Marketing: Social Media Acquisition TikTok RetailWire Member since October 25, 2020 Loading + Follow Following […]
< 1 min read
0
Next