U.S. Federal Trade Commission chief Lina Khan is now setting her sights on Amazon’s cloud unit, Amazon Web Services, as part of an antitrust investigation that began under the Trump administration, reported Bloomberg. The probe is the latest sign of how Khan, a vocal Amazon critic, is setting her sights on multiple different parts of the online retail giant’s business operations. It also...
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Amazon Takes Its Time Delivering Second Round of Job Cuts
Amazon is in the lead! The e-commerce behemoth has moved ahead of Alphabet in the contest to win this year’s IBM Cup, awarded occasionally to the most bureaucratic and slow-moving big tech company around. That’s one takeaway from Amazon CEO Andy Jassy’s explanation today for cutting another 9,000 jobs, on top of the 18,000 layoffs already announced. Jassy said in November the job cuts flowed...
FTX Sues Liquidators of Bahamas Unit
Flagstar Acquires Most of Signature Bank, Excluding Crypto Business
Amazon Laying Off 9,000 More Employees, Including in AWS, Ads, Twitch
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