Two men from Rajasthan, Raj Kumar Meena and Subhash Gurjar, were arrested in Mangaluru for allegedly defrauding Amazon of over ₹1 crore worth of electronics. The duo used fake identities and addresses to place orders, then swapped valuable items like cameras with fakes during delivery, exploiting loopholes in the system. Two men have been accused…
Amazon CEO Andy Jassy denied accusations that the company’s new five-day office mandate is a covert attempt to reduce staff, amid growing employee resistance to the stricter return-to-office policy.“A number of people I’ve seen theorise that the reason we were doing this is a backdoor layoff or we made some sort of deal with the…
NEW DELHI: The Enforcement Directorate (ED) on Thursday launched a series of searches across India targeting certain vendors operating on major e-commerce platforms Amazon and Flipkart, according to PTI sources.The raids, part of an ongoing probe under the Foreign Exchange Management Act (FEMA), spanned multiple locations, including Delhi, Gurugram, Hyderabad, and Bengaluru.According to officials, the…
NEW DELHI: In an era marked by rapid advancements in artificial intelligence (AI) and evolving workplace dynamics, a new management trend is stirring concern among employees and labour experts alike. Known as “silent firing,” this subtle approach to workforce reduction involves employers making working conditions uncomfortable or demoralising for certain employees, effectively nudging them to…
Amazon founder Jeff Bezos has sold another major chunk of shares of the e-commerce company. According to a recent regulatory filing (seen by GeekWire), Bezos has sold over $3 billion worth of Amazon shares. The latest stock sale brings the total for the year to over $13 billion worth of Amazon stock that he has…
Intel CEO Pat Gelsinger‘s ambitious three-year effort to restore the 56-year-old American chipmaker to its former glory has faltered amid strategic blunders, manufacturing setbacks, and deepening financial losses, forcing the company to lay off 15,000 employees and fundamentally restructure its operations.Under Gelsinger’s watch, Intel’s revenue has plummeted to $54 billion in 2023, nearly one-third below…
Amazon Web Services CEO Matt Garman addressed the five-day work from office policy at the company’s recent all-hands meeting. The Return to Office (RTO) policy by Amazon CEO Andy Jassy in September makes 5-day work from office mandatory for most employees, starting January 2025. Reports suggest that some employees are unhappy with the policy. Amazon…
Amazon Web Services (AWS) CEO Matt Gorman has delivered a direct message to employees resistant to the company’s five-day office mandate: adapt or leave. The cloud computing division’s leader emphasised that in-person collaboration is non-negotiable for AWS‘s future success.Speaking at an all-hands meeting, Garman revealed that a vast majority of employees he has spoken with…
Amazon Prime Video is reportedly planning to introduce advertisements for viewers in India starting next year. According to a report by Bloomberg, this move mirrors a change which the company has already implemented in the US. The report claims that Prime Video subscribers in Indian can expect to see ads interrupting their shows and movies…
NEW DELHI: Nestle India said its chairman and managing director Suresh Narayanan will retire on July 31, 2025. The Swiss parent has nominated Manish Tiwary as the company’s new MD, subject to approvals. Tiwary is currently a director at Amazon Digital Services and More Consumer Brands and he will step down from this role on…
