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Amazon earnings beat estimate despite slowdown in AWS sales

Team YS ( ) Amazon drew in $127.4 billion in revenue in the first quarter, beating its own forecasts of $116.4 billion.Amazon...

Amazon lays off over 100 employees in video games unit: Report

Team YS ( ) Amazon has reportedly laid off more than 100 employees in its video games division. This is part of...

PhonePe launches hyperlocal shopping app, Pincode

Naina Sood ( ) Making its much-awaited entry into online commerce, digital payments company PhonePe has launched a dedicated hyperlocal consumer app...

Ecomm, food delivery companies may be barred from cross-selling own services: ET

Aparajita Saxena ( ) The Indian government may prohibit ecommerce and food delivery companies from selling products and services of related parties...

MX Player COO Nikhil Gandhi steps down

Pooja Malik ( ) Nikhil Gandhi is stepping down as Chief Operating Officer (COO) of the OTT platform MX Player to pursue...

Amazon plans to downsize 900

Pooja Malik ( ) Amazon plans to slash more than 9000 jobs in the next few weeks in its second round of...

Softbank-backed Snapdeal to shelve IPO plans

Prasannata Patwa ( ) Snapdeal, a digital marketplace backed by SoftBank, has shelved its $152 million public listing plans. “Considering the prevailing...

Amazon may lay off 20,000 employees, including managers: Report

Team YS ( ) Amazonmay lay off about 20,000 employees across divisions as the company reevaluates its pandemic-induced hiring spree, according to...

Amazon CEO Says He Doesn’t Regret Hiring Spree as Company Starts Layoffs

“This year we had the lens of a very uncertain economic environment, as well as having hired aggressively over the last...

Amazon Is Signaling its India Fatigue

In September 2014, ...

Amazon to close down its edtech platform in India

Ishan Patra ( ) Amazon said on Thursday that it will close Amazon Academy, an edtech platform for students to prepare for...

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