Amazon has announced impressive financial results for the fourth quarter of 2024, exceeding analysts’ expectations with strong earnings and revenue growth. However, despite this positive performance, the company’s stock saw a significant decline after it shared a cautious outlook for the first quarter of 2025. Q4 Performance Exceeds Expectations Amazon’s earnings report for Q4 highlighted a strong performance, largely fueled by substantial growth in its cloud computing division, Amazon Web Services (AWS), along with continued strength in its e-commerce sector. The company reported a revenue of $145 billion, reflecting a…
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Google has decided to eliminate its diversity-based hiring targets
Google has announced that it will no longer pursue its diversity-based hiring targets and is reevaluating its Diversity, Equity, and Inclusion (DEI) initiatives. This move is in line with similar decisions made by major U.S. companies like Meta and Amazon, indicating a wider trend of scaling back DEI efforts. In 2020, in response to the George Floyd protests and the Black Lives Matter movement, Google established ambitious goals to boost leadership representation from underrepresented groups by 30% by 2025. However, the company has now opted to abandon these aspirational targets….
Read MoreAmazon has announced additional job cuts aimed at enhancing efficiency within the company.
Amazon is laying off more employees across various teams as part of its ongoing efforts to improve operational efficiency, according to sources familiar with the situation. This latest round of job cuts follows a series of workforce reductions in recent years as the tech giant streamlines its operations in response to changing market conditions. While Amazon has not revealed the exact number of employees affected, reports suggest that the layoffs impact teams in its cloud computing division, retail operations, and human resources. Some positions within its advertising and Prime Video…
Read MoreAmazon has acquired Axio to enhance its fintech services.
Amazon has officially acquired fintech company Axio, a strategic decision aimed at strengthening its foothold in the financial services industry. Axio, recognized for its expertise in credit solutions and payment technologies, is set to enhance Amazon’s capacity to provide innovative financial products to its extensive customer base. Although the financial specifics of the deal have not been disclosed, this acquisition fits into Amazon’s larger strategy to incorporate advanced financial tools into its ecosystem, which includes e-commerce and cloud services. Analysts suggest that this move could lead to new consumer lending…
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