Amazon (AMZN) to cut 'several hundred' employees in Alexa unit due to 'shifting' priorities - Reuters

Amazon To Cut 'several hundred' Alexa Jobs - Reuters

November 17, 2023 9:45 AM EST

(Updated - November 17, 2023 9:46 AM EST)

Amazon To Cut 'several hundred' Alexa Jobs - Reuters

Amazon.com on Friday announced it is trimming roles at its Alexa voice assistant unit.The company cited shifting business priorities and a greater focus on generative artificial intelligence..The cuts affect... More

Amazon.com to cut 'several hundred' Alexa jobs

November 17, 2023 9:34 AM EST

By Greg Bensinger

(Reuters) -Amazon.com on Friday announced it is trimming jobs at its Alexa voice assistant unit, citing shifting business priorities and a greater focus on generative artificial intelligence.

The cuts affect several hundred employees working on Alexa, according to the email. A spokeswoman declined to elaborate on exactly how many were affected.

"Were shifting some of our efforts to better align with our business priorities, and what we know matters most to customers - which includes maximizing our resources and efforts focused on generative AI," Daniel Rausch, vice president of Alexa... More

Amazon eyes $20 billion exports by 2025 from India, says company official

November 17, 2023 5:44 AM EST

By Manoj Kumar

NEW DELHI (Reuters) - Amazon is targeting merchandise exports worth $20 billion from India by 2025 by adding thousands of small sellers to its e-commerce platform, a company official said on Friday.

"We are very encouraged by the number of entrepreneurs who signed up this year. We are looking to scale up," Bhupen Wakankar, director global trade, Amazon told Reuters on the sidelines of an industry event, referring to plans for exports.

There was... More

Gap's holiday season outlook, Alibaba slips in Hong Kong - what's moving markets

November 17, 2023 5:30 AM EST

Investing.com -- U.S. stock futures point into the green following a mixed session on Wall Street, as traders pour through a raft of economic figures this week. Gap's (NYSE: GPS) quarterly profit tops estimates, sending shares soaring premarket, but the retailer joins peers Target (NYSE: TGT) and Walmart (NYSE: WMT) in flagging some caution over consumer spending heading into the holiday shopping season. Elsewhere, Chinese tech... More

Gap reports third-quarter earnings beat, but offers tame holiday quarter guidance

November 16, 2023 4:38 PM EST

(Updated - November 17, 2023 7:18 AM EST)

Investing.com -- Shares in Gap (NYSE: GPS) surged in premarket U.S. trading on Friday after the retailer posted higher-than-anticipated third-quarter income, although the firm flagged some caution over trading in its key holiday quarter.

In the three months to Oct. 28, the San Francisco-based owner of brands like Athleta and Banana Republic reported adjusted profit of $0.59 per share, trouncing Bloomberg consensus estimates of $0.19, thanks in... More