REUTERS/Yves Herman The European Union’s competition commissioner, Margrethe Vestager, is launching a formal investigation into Amazon. The investigation will look into whether Amazon’s use of data from independent retailers, who sell on its marketplace, is in breach of EU competition rules. Amazon’s role as both a seller and a platform for other merchants has become […]
Amazon commits $700 million to giant retraining scheme for 100,000 US workers
Noah Berger/Reuters Amazon is spending more than $700 million on retraining a third of its US workforce. The retail giant said it will help employees in non-technical roles, such as warehouse associates, to move into more technical IT roles. According to The Wall Street Journal, the investment would be among the biggest corporate retraining initiatives […]
A single line from Jeff Bezos’ first Amazon job ad tells you everything about his obsession with speed
REUTERS/Katherine Taylor Amazon turned 25 on Friday and the first job ad ever posted by Jeff Bezos tells you everything you need to know about his obsession with speed. He wrote that he was looking for someone who could perform tasks "in about one-third the time that most competent people think possible." Amazon’s need for […]
Amazon reveals how third-party sellers are kicking its butt on sales as part of small business charm offensive
Reuters In a letter to shareholders last month, Amazon CEO Jeff Bezos said third-party sellers are growing at a faster rate than its first-party business. "To put it bluntly: Third-party sellers are kicking our first party butt," he said. In a new report, published on Tuesday, Amazon said its sellers in the US earned as […]