Coscline news — Amazon is testing a new tier of Prime members in India to allow users to enjoy more benefits, such as free two-day shipping and standard definition ad-supported Prime Video. The new membership tier, called ‘Prime Lite’, is currently offered to select customers at a discounted annual price of $12 (Rs. 999). A …
Read more “Amazon is testing the “Prime Lite” membership service!”
Coscline News—-UK lawmakers have called on Amazon to clarify comments made by a senior executive at a recent parliamentary hearing, after an advocacy group accused him of providing “misleading” evidence concerning the company’s treatment of warehouse workers. An Amazon spokesperson told Reuters the company strongly denied the executive – European policy chief Brian Palmer – …
Read more “Amazon faces renewed pressure from UK lawmakers over warehouse conditions“
Coscline news — Amazon will lay off about 1,000 employees in India as part of its global layoffs. Last week, it was reported that the e-commerce giant will lay off more than 17,000 people worldwide, exceeding the original plan of 10,000. “The decision to cut 18,000 jobs globally will affect about 1,000 employees in India,” …
Read more “Amazon’s latest layoff plan: About 1,000 employees will be fired in India!”
Coscline News——Chief Executive Officer Andy Jassy announced the move in a memo to staff Wednesday, saying it followed the company’s annual planning process. The cuts, which began last year, were previously expected to affect about 10,000 people. The reduction is concentrated in the firm’s corporate ranks, mostly Amazon’s retail division and human resources functions like recruiting. …
Coscline news — On January 3, Amazon said it had reached an agreement with a number of lenders that will provide Amazon with $8 billion in unsecured loans. The loan was arranged by TD Securities (USA) LLC and will mature in 364 days (January 3, 2024), with an option to extend for a further 364 …
Read more “Amazon won $8 billion in unsecured loans and will go all out to deal with uncertainty!”
Coscline News–Amazon is working on a standalone app for watching sports. Sports remains one of the biggest attractions for live viewing as U.S. audiences increasingly switch from pay TV subscriptions to streaming apps. The move will likely complement Amazon’s effort to double down on sports programming through its Prime Video service, a key channel to …
Read more “Amazon planning standalone app for sports content“
Coscline news-A new law in New York will require companies that operate distribution centers to be more transparent about their work requirements, aiming to protect warehouse workers from possibly unlawful quotas. Gov. Kathy Hochul last week signed the Warehouse Worker Protection Act, which is modeled after a similar, first-in-the-nation law signed in California last year. The New …
Read more “Amazon warehouse workers get ‘big win’ with New York law on quotas”
Coscline News, Amazon announced that it has officially started using the MK27-2 drone to deliver goods to customers in California (Rockford) and Texas (University City). The e-commerce giant first announced in June 2022 that it would launch a drone delivery service in Fornia, California, and the service finally went live six months later. Now, as …
According to Coscline news, the US Internal Revenue Service recently issued a reminder that beginning in January 2023, taxpayers will need to download the 1099-K form for all sales of goods and services received through payment applications such as Venmo, PayPal, and CashApp that exceed US$600. . The requirement is one of the provisions of …
Read more “IRS Reminder: Sellers with annual income over $600 must file tax returns”
Coscline news, on December 8, Amazon announced the launch of a new feature called “Inspire”, which is similar to TikTok and allows buyers to shop through videos and pictures within the app. It is reported that this feature will be available to some US customers in early December, and will be available to all users …
Read more “Amazon launches a TikTok-like feature, buyers can “shopping while watching videos””