Amazon CEO says job cuts to exceed 18,000 roles

23 Sept 04:19 Key points summarised by AI

Amazon CEO Andy Jassy confirmed over 18,000 job cuts, surpassing earlier estimates, primarily affecting the company's e-commerce and human resources divisions.
These layoffs account for 6% of Amazon's corporate workforce, marking a significant shift after rapid expansion and recent efforts to attract talent.
The decision stems from an uncertain global economy, high inflation impacting consumer spending, and the company's rapid hiring during the pandemic.
Amazon's substantial cuts underscore a wider trend of downsizing within the tech industry, with these reductions exceeding those announced by other major companies like Meta Platforms.

Application for ‘Nene Royal’ trademark withdrawn

Yesterday 18:24 Key points summarised by AI

A third-party application for "NENE" and "NENE ROYAL" trademarks was officially withdrawn, resolving a high-profile dispute over the Thai pop artist's name.
Black Lotus Global LLC, managing Nene Royal's rights, has legitimate trademark applications for various categories under fast-track processing, with final approval anticipated by February 2027.
The Department of Intellectual Property (DIP) monitors international trademark filings to protect Thai creators and advises early registration to prevent unauthorized third-party claims, noting a "NENE" trademark already registered in South Korea.