Amid an escalating antitrust investigation, the company appears to be more cautious about how much money it takes from online sellers.
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Amazon said the service will help sellers keep products in stock, ship faster and more reliably and significantly lower costs.
It may be too early to tell how some return-to-office policies affect productivity, but many workers have voiced opposition to returning even part time.
Paused early in the COVID-19 pandemic, the service could place Amazon as a direct competitor with parcel delivery giants like UPS and FedEx.
The news comes just a couple of days after reports surfaced about Amazon offering sellers an AI tool to help them write product descriptions.
OSHA alleges the company failed to use established controls to ensure that injured employees received proper medical care.
In its annual handling of about 8 billion packages, Amazon estimates that less than one in 1,000 items are damaged.
The earnings call comes two weeks after Amazon said its Business segment was driving $35 billion in annualized gross sales by end of 2022.
Amazon Business saw its gross sales grow in Europe during the COVID-19 pandemic.
Revenues generated through Amazon Business have grown by 40% and its global customer base by 20% over the past two years.
The layoffs will occur within “the next few weeks,” according to Amazon CEO Andy Jassy.
The marketplace platform has also launched a new storefront aimed to advance inclusive procurement.
The move looks to help Amazon keep pace with the well-established eBay Motors marketplace.
The company plans to implement the new change beginning May 1, more than three years after many staff members began working remotely.
The company says fees will be adjusted to reflect 'significant investments that we’ve made to improve our shipping speeds and add new features.'
While sales increased over 3Q 2021, net income decreased to $2.9 billion, or $0.28 per diluted share, Amazon said.
In the weeks and months leading up to MDM's SHIFT conference, podcast guests spoke on a variety of topics, with transformative strategies and evolving roles among the most discussed.
Amazon Business's second annual Procurement Report shed some light on the state of the distribution industry and where it might be headed.
The online retail giant, which doesn’t break out Amazon Business sales in quarterly earnings reports, said overall net loss was $2 billion in 2Q.
Avnet says the strategic partnership with AWS will help OEMs of IoT solutions ‘accelerate their time to market.’
