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01/27/2023
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By Arsenio Toledo
Amazon warehouse workers in Britain walk out of their jobs over paltry pay increase, terrible working conditions
Hundreds of Amazon workers in the United Kingdom walked out of their jobs on Wednesday, Jan. 25, in the first-ever formal industrial action in the country against the tech giant. The workers, affiliated with the GMB trade union, walked out of an Amazon warehouse in the city of Coventry in central England, known as BHX4 […]
01/23/2023
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By Cassie B.
Microsoft to cut 10,000 jobs in latest Big Tech layoffs
Microsoft has joined a wave of other tech companies in announcing mass layoffs, cutting around five percent of its overall workforce. A securities filing last week noted that they would be laying off 10,000 employees as part of a range of measures aimed at cutting costs in the wake of economic uncertainty. Ahead of the […]
01/10/2023
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By Ethan Huff
NOT LOVIN’ IT: McDonald’s to lay off many of its 200,000 corporate employees in coming months
Starting in April of 2023, the McDonald’s fast-food chain is planning to lay off thousands of people from within its corporate structure. CEO Chris Kempczinski wrote in a memo that the company is “unfocused” and in need of some serious trimming. With roughly 200,000 people working in corporate roles at McDonald’s, there are plenty of […]
01/06/2023
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By JD Heyes
Collapse of woke tech companies continues as Amazon announces huge layoffs
E-tailer behemoth Amazon is following the trend of other huge tech companies that are currently laying off a staggering number of Americans after hiring binges over the past couple of years, and, not surprisingly, as many of them became “woke” and began abusing their users. Earlier this week, Amazon notified employees that plans are in […]
12/22/2022
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By Arsenio Toledo
Amazon becomes first company ever to lose $1 trillion in market value
Amazon just lost $1 trillion in market cap value, the largest loss in market value ever recorded by any publicly traded company. In July 2021, the company had a market value of a near-record breaking close of $1.88 trillion. But the tech giant’s shares dropped 4.3 percent in value in November, lowering the company’s market […]
12/01/2022
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By Arsenio Toledo
Tech layoffs nearing levels not seen since the Great Recession
The number of people fired from Big Tech companies this year is nearing annual levels not seen since the Great Recession. The worsening economic situation in the United States has made Big Tech companies turn to mass layoffs as a way of making sure their profit margins remain stable. In November alone, more than 50,000 workers […]
09/22/2022
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By Mary Villareal
Amazon suspends construction of new warehouses in Spain as consumer demand continues to plummet
Amazon has suspended the construction of its new warehouses in Spain until 2024. The e-commerce giant told its providers and partners that it is going to wait and see as the pandemic-driven online shopping has slowed down. However, Amazon is adamant that its commitment to Spain remains. It promised to continue on the path to fulfill its […]
09/07/2022
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By Arsenio Toledo
IMPLOSION: Amazon scraps plans to build 42 new warehouses, shuts down 2 active facilities
Amazon is abandoning plans to build 42 new warehouses all over the United States and is closing down two active facilities. The company is determined to reduce the size of its sprawling business amid slowing sales growth. MWPVL International, which tracks Amazon’s massive real estate footprint, noted that the company has either shuttered ongoing plans or […]
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