Amazon plans to lay off about 10,000 employees starting this week

Amazon.com Inc is planning to lay off about 10,000 people in corporate and technology jobs starting as soon as this week, the New York Times reported on Monday, citing people with knowledge of the matter.

The cuts will focus on the e-commerce giant's devices unit, which houses voice-assistant Alexa, as well as its retail division and human resources, according to the report, which also said the total number of layoffs remains fluid.

The company did not immediately respond to a Reuters request for comment. As of Dec. 31 last year, Amazon had about 1,608,000 full-time and part-time employees.

Amazon joins a bandwagon of U.S. companies making deep cuts to its employee base to brace for a potential economic downturn.

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Last week, Facebook-parent Meta Platforms said it would cut more than 11,000 jobs, or 13% of its workforce, to rein in costs. (Reporting by Tiyashi Datta in Bengaluru; Editing by Arun Koyyur)

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President Jonathan "ENDS QUARREL" With Obasanjo

President Goodluck Jonathan seems to have improved on his relationship with former president, Olusegun Obasanjo, after sending him a rare message of commiseration on the death of his sister, Adunni Oluniola Eweje-Obasanjo. Since Obasanjo’s letter to the president went viral in December 2013, the president stopped all forms of felicitation or commiseration with the former head of state. Before then, though, Jonathan had “nothing but the greatest respect for Obasanjo” and he had said he would not probe his benefactor. “The president has nothing but the greatest respect for Chief Obasanjo’s very notable contributions to national growth and development over many years and far from taking offence or seeking retaliation, will always welcome objective criticism and advice from the very highly-regarded elder statesman,” Reuben Abati, special adviser to the president on media and publicity, wrote in 2013. Evidence of a sour relationship between the duo came to fore in December, when Abati, ...

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Fabric that stores information invisibly, without electronics

A new type of smart fabric developed at the University of Washington could pave the way for jackets that store invisible passcodes and open the door to your apartment or office. The UW computer scientists have created fabrics and fashion accessories that can store data -- from security codes to identification tags -- without needing any on-board electronics or sensors. Using magnetic properties of conductive thread, University of Washington researchers are able to store data in fabric. In this example, the code to unlock a door is stored in a fabric patch and read by an array of magnetometers. As described in a paper presented Oct. 25 at the Association for Computing Machinery's User Interface Software and Technology Symposium (UIST 2017), they leveraged previously unexplored magnetic properties of off-the-shelf conductive thread. The data can be read using an instrument embedded in existing smartphones to enable navigation apps. "This is a completely electronic-f...

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NEWS: Officials involved in N8bn currency scam dismissed – CBN

CBN Governor, Mr. Godwin Emefiele The Central Bank of Nigeria on Monday says it has dismissed or suspended some of its six officials that were involved in the N8bn currency fraud in some of its branches. The apex bank in a statement in Abuja by the Director, Corporate Communications Department, Ibrahim Mu’azu, stated that some of the middle-level officers among the accused had been summarily dismissed or placed on indefinite suspension, depending on gravity of their offence. It said, “The Central Bank of Nigeria will like to inform the general public of the chronology of events that led the Management of the CBN to hand over some unscrupulous staff to the Economic and Financial Crimes Commission for prosecution.

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