labor
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Devastating: Amazon Ordered to Pay $60,269 Fine
A U.S. government agency issued a citation to Amazon.com Inc. for reported safety hazards in the workplace. The agency said Amazon failed to keep its workers safe and found workers were exposed to ergonomic hazards after inspecting three warehouses.
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Amazon Refutes Claims It Made Job Interviews Easier During Pre-Layoff Hiring Spree
Amazon reportedly dropped its Bar Raiser program during its hiring process for some candidates, allegedly leading to a quantity-over-quality hiring process. Business Insider reported that last week’s mass layoffs, which amounted to roughly 18,000 Amazon employees, were partly the result of quickly hiring individuals who were not up to par with the company’s former standards.
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Coinbase Lays Off 20% of Staff, Warns of ‘Further Contagion’ in Crypto
Coinbase announced on Tuesday that it would lay off 20% of its employees — 950 people out of an estimated 4,700 — in an effort to significantly reduce its operating expenses. It’s the company’s second large round of layoffs in less than a year. In June, Coinbase laid off 1,100 employees.
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Crypto Lender Genesis Cuts 30% of Staff
Genesis Global Trading Inc. has been feeling the heat of the crypto crash that has been plaguing the industry over the past several months. The firm announced today that it was laying off 30% of its workforce, as first reported by the Wall Street Journal.