eCommerce
eCommerce
MercadoLibre Announces Record Investment in Brazil, Bolstering Presence in Key Market
Latin American e-commerce giant MercadoLibre unveiled plans on Tuesday to inject 23 billion reais ($4.6 billion) into Brazil in 2024. This investment marks a...
eCommerce
Alibaba Announces $1.1 bn Investment Plan in South Korea
Alibaba Group has unveiled plans to inject $1.1 billion into South Korea over the next three years, aiming to construct a logistics hub and...
eCommerce
Expedia to Cut 1,500 Jobs Amid AI-Powered Transformation
Expedia, the prominent online travel platform, has announced plans to reduce its global workforce by approximately 1,500 employees, constituting around 9 percent of its...
eCommerce
Amazon and iRobot Abandon $1.4 bn Deal Amidst EU Antitrust Opposition
Amazon and iRobot declared the termination of their $1.4 billion deal, succumbing to resistance from European Union (EU) antitrust regulators. The decision comes as...
eCommerce
eBay Announces Workforce Reduction with Plans to Cut 1,000 Jobs
E-commerce giant eBay has revealed its intention to trim approximately 1,000 jobs, constituting an estimated 9 percent of its existing workforce.
eBay’s CEO, Jamie Iannone,...
eCommerce
Amazon Announces Workforce Reduction at Buy with Prime Unit
Amazon.com has disclosed a workforce reduction of fewer than 5 percent of employees at its Buy with Prime unit, a move aimed at streamlining...
eCommerce
Walmart Hikes Salary for U.S. Store Managers, Hourly Wage Surpassing $18
Walmart revealed on Thursday its decision to enhance the annual average salary and bonus for U.S. store managers, effective February 1. This strategic step...
eCommerce
Amazon Reveals Significant Layoffs in Streaming and Studio Divisions
Amazon.com has confirmed plans to lay off several hundred employees within its streaming and studio divisions, according to an internal communication released on Wednesday....