Amazon is cutting 9,000 jobs in the coming weeks, the second largest round of layoffs in the company's history, as part of its efforts to streamline operations and reduce costs. The job cuts will mostly impact people working in Amazon Web Services, People Experience and Technology Solutions (PXT), advertising and Twitch, and will be completed by the end of the year. CEO Andy Jassy said the job cuts were not announced with the ones in January as the company wanted to give employees time to adjust to the news.
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Cosori is recalling two million air-fryers due to 205 reports of the products catching fire, burning, melting, overheating and smoking. This recall includes 10 reports of minor burn injuries and 23 reports of property damage. Consumers should stop using the recalled air fryers and contact Cosori for a free replacement.
Home Depot has announced a $1 billion investment in its hourly workers, raising their average starting salary to $15 an hour. This move comes in response to the current red-hot job market, where unemployment has reached its lowest level since 1969. Home Depot's decision to raise its starting pay follows similar moves by other large retailers such as Amazon, who announced in September that starting pay for warehouse and delivery workers would be more than $19 an hour. This increase will benefit all hourly workers in the U.S. and Canada.
Dell Technologies has announced plans to lay off 5% of its workforce due to the uncertain economic climate, following similar cost-cutting measures taken by other large tech companies. The announcement comes as the tech industry has been hit hard by the economic downturn, with interest rate hikes contributing to the financial woes of many companies. Despite the job cuts, Dell has reported several strong quarters due to the steps taken to stay ahead of the downturn impacts.
American Media Inc. has sold the National Enquirer, a 97-year-old tabloid known for its wacky headlines and controversial stories, to a brand acquisition company, VVIP Ventures. The magazine publisher a360 agreed to sell the National Enquirer and another tabloid, the Globe, to VVIP in an all-cash deal. The National Enquirer has been involved in several scandals, including stories about former President Donald Trump and Amazon Chairman Jeff Bezos, and its former CEO David Pecker had been looking to sell the tabloid since at least 2019.
The Dallas Zoo is investigating the theft of two of its emperor tamarin monkeys after their enclosure was found to have been "intentionally compromised" on Monday, Jan. 30, 2023. The Dallas Police Department is conducting a preliminary investigation and the zoo has searched near the monkeys' habitat and across zoo grounds, but has not located them. This is the fourth suspicious event at the zoo this month, including fences being cut and the suspicious death of an endangered vulture.
Spotify announced that it will lay off 6% of its workforce in order to reduce costs, with CEO Daniel Ek taking full responsibility for the difficult but necessary decision. This follows other tech giants such as Amazon and Microsoft cutting jobs in the wake of the pandemic, with the industry having cut roughly 50,000 jobs in January alone. Spotify will provide severance and other benefits to those affected, as part of its effort to remain competitive and provide the best service to its customers.
Google, one of the world's leading technology companies, has announced a 6% workforce reduction of 12,000 employees, as the economic boom experienced during the pandemic begins to slow. This is one of the biggest rounds of layoffs ever for the company, and adds to the tens of thousands of job losses recently announced by other tech companies such as Microsoft, Amazon, and Facebook parent Meta. The layoffs are a sign of the times, and a reminder that the tech industry is not immune to the effects of the pandemic.