Tag: #amazon
ASML to Cut Around 1,700 Jobs in AI‑Driven Reorganisation
ASML, the Dutch semiconductor‑equipment giant that holds a near‑monopoly on advanced lithography tools used to manufacture cutting‑edge chips, is planning to cut roughly 1,700 jobs, or about 4 per cent of its 44,000‑person workforce. The move was announced in January alongside the company’s record full‑year revenue of €32.7 billion and signals a major internal reorganisation aimed at streamlining operations even as demand for advanced...
MeitY Proposes Continuous Labelling for AI‑Generated Content
The Ministry of Electronics and Information Technology (MeitY) has proposed that all content generated with the help of artificial intelligence carry a continuous and clearly visible label alerting users that the material has been synthetically created. The draft amendment to the Information Technology Rules (Intermediary Guidelines and Digital Media Ethics Code), 2021 requires that the labelling must remain on display for the entire duration...
Amazon, Walmart Face Regulatory Heat in India
India’s expanding e-commerce market has attracted some of the world’s biggest digital retailers, but that growth has come with increasing legal and regulatory challenges....
Cloud Division Layoffs Hit ‘Specialists’ at Amazon
Amazon has laid off several hundred employees within its Amazon Web Services (AWS) division as part of an internal restructuring effort. The job cuts,...
Andy Jassy: AI to Reshape Workforce Structure
Amazon CEO Andy Jassy has told employees that generative AI will reshape the company’s workforce, potentially reducing the number of corporate roles over the...
Amazon Cuts 100 Jobs in Devices Division
Amazon has laid off approximately 100 employees in its devices and services division, the team responsible for innovations such as the Kindle, Echo smart...
Amazon to Cut 14,000 Managerial Jobs by 2025
Amazon is set to eliminate 14,000 managerial positions by early 2025 as part of an aggressive cost-cutting strategy aimed at saving between $2.1 billion...
Quantum Leap: Amazon Introduces Ocelot Chip
Amazon has introduced Ocelot, its first in-house quantum computing chip, marking a significant step in the company’s efforts to develop highly efficient quantum hardware....
DoNER, Amazon Partner to Boost Bamboo Products
The Ministry of Development of North Eastern Region (DoNER) is collaborating with Amazon and two other companies to promote Bamboo products in both domestic...
Amazon’s $230 Million Commitment to Generative AI Startups
Amazon has announced a significant commitment of up to $230 million to support startups developing generative AI-powered applications. This investment, with $80 million allocated...
