UPS Slashes 20,000 Jobs and 70 Facilities Following Amazon Contract Reduction
UPS announces major restructuring with plans to cut 20,000 jobs and close over 70 facilities as it reduces Amazon shipping volumes by more than 50%. CEO Carol Tomé cites profitability concerns with Amazon relationship while company maintains $89 billion revenue projection for 2025.
MacKenzie Scott's $19B Philanthropy Revolution: Reshaping Charitable Giving Post-Amazon
Following her Amazon divorce settlement, MacKenzie Scott has donated over $19 billion to more than 2,000 organizations through unrestricted grants. Her innovative approach to philanthropy, focusing on underserved communities and allowing complete discretion in fund utilization, is creating substantial impact while challenging traditional giving models.
Major U.S. Retailers Announce Historic Wave of Store Closures Amid Digital Shift
Over 7,100 retail locations are set to close in 2024, marking a 69% increase from the previous year and the largest surge since the pandemic. Family Dollar, CVS, Big Lots, and Walgreens lead the closures as traditional retailers struggle against online competition.
Historic Amazon Strike: Thousands Walk Out in Largest US Labor Action Against E-commerce Giant
Amazon workers across multiple states launch unprecedented strike days before Christmas, demanding higher wages and improved working conditions. Led by the Teamsters union, the action includes walkouts at major facilities and picket lines nationwide, with workers seeking pay parity with other delivery services.
Amazon Workers Launch Historic Multi-State Strike as Teamsters Push for Labor Contract
In the largest labor action against Amazon to date, workers at seven facilities across multiple states initiated a Teamsters-led strike demanding contract negotiations. The walkout highlights escalating tensions over worker classification and union recognition, testing Amazon's stance on labor organizing during a crucial shopping period.
Coffee Badging: The Silent Rebellion Against Return-to-Office Mandates
Employees are adopting 'coffee badging' - briefly visiting offices to satisfy attendance requirements before leaving - as subtle resistance to stricter return-to-office policies. This emerging trend highlights growing tensions between corporate mandates and workers' desire for flexibility in the evolving post-pandemic workplace.
Amazon Workers Set Historic Strike Vote, Demand $30 Hourly Wage and Contract Negotiations
Amazon warehouse workers in New York have authorized their first-ever strike, backed by Teamsters union, demanding $30 hourly wages and improved safety measures. The unprecedented move comes amid Amazon's peak holiday season, potentially impacting multiple facilities and setting a precedent for labor relations nationwide.
Bezos Backs Trump's Deregulation Agenda in Surprising Show of Support
Amazon founder Jeff Bezos made a striking pivot by endorsing Donald Trump's regulatory vision at the DealBook Summit, marking a significant shift from their previously antagonistic relationship. The billionaire joins other tech leaders like Musk and Zuckerberg in aligning with Trump while expressing optimism about the former president's evolved demeanor.
TikTok Shop Emerges as Amazon's New Retail Rival Despite Ban Threat
TikTok Shop's explosive growth is attracting retailers and Amazon sellers with its unique blend of social commerce and entertainment, projected to reach $50B in sales this year. Despite looming regulatory challenges, sellers are embracing the platform's lower fees and seamless shopping experience integrated into its addictive content feed.
Global Black Friday Protests Target Amazon's Labor Practices
Amazon workers across 20+ countries are organizing strikes and protests during Black Friday weekend, demanding better wages and working conditions in the annual 'Make Amazon Pay Day' campaign. The coordinated action comes amid strong market performance for the e-commerce giant, highlighting ongoing tensions between the company and its workforce.