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...

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...

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...

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,...

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...

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...

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....

Flipkart Set to Cut Workforce by 5-7% in 2024: Up to 1,500 Jobs at Risk

In a strategic move aimed at optimizing resources, Indian e-commerce giant Flipkart is gearing up to reduce its employee count by 5-7 percent in...