Business

Amazon to cut more than 18,000 jobs, CEO says

Amazon announced Wednesday it will cut more than 18,000 jobs from its workforce, citing "the uncertain economy" and the fact the online retail giant had "hired rapidly" during the pandemic.

Business

Nintendo's profit climbs on Switch machine, software sales

Japanese video game maker Nintendo recorded a 34% surge in its profit in the first half of the fiscal year on strong sales of products for its Switch console like "Splatoon 3," a paint-shooting game, the company said Tuesday.

Business

Amazon to raise average hourly pay by $1 to $19 in October

Amazon said Wednesday it's raising its average starting pay for frontline workers from $18 to $19 a hour, a boost that could help it attract more employees in a tight labor market as the holiday season approaches.

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