Amazon set for big job cuts
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 15 November 2022
⏱️ 11 minutes
🧾️ Download transcript
Summary
Amazon is planning to cut about 10,000 jobs, Google got hit with its biggest US privacy penalty, and Beijing has a plan for China’s troubled property sector.
Mentioned in this podcast:
Amazon prepares for mass job cuts in latest sign of Big Tech belt-tightening
Google hit with its biggest US privacy penalty in $391.mn settlement
Chinese property stocks soar on hopes of turning point for sector
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk. |
| 0:09.9 | Good morning from the Financial Times. |
| 0:11.9 | Today is Tuesday, November 15th, and this is your FT News Briefing. |
| 0:18.9 | There's more pain in store for big tech workers. |
| 0:21.8 | This time, the cuts are at Amazon. |
| 0:24.4 | Google agreed to pay its biggest privacy fine ever. |
| 0:28.7 | Plus, investors in China's troubled property industry finally found something to get excited about. |
| 0:35.7 | I'm Sonya Hudson in for Mark Filipino, and here's the news you need to start your day. |
| 0:48.5 | UK couriers have warned customers to prepare for late deliveries during the Black Friday |
| 0:53.8 | Sales next week and the lead up to Christmas. |
| 0:57.1 | In this key time for shopping, retailers are bracing for strikes by postal workers at the UK's |
| 1:03.7 | biggest courier, Royal Mail. The company is battling with workers over its plans to modernize |
| 1:09.8 | as competition increases. Royal Mail rivals have grown by employing staff on lower salaries |
| 1:16.1 | and more flexible contracts. |
| 1:18.2 | Amazon plans to cut around 10,000 jobs. |
| 1:28.6 | The giant retail and internet company is grappling with soaring costs and stuttering growth. |
| 1:34.8 | It's the latest in a series of big tech layoffs. |
| 1:38.4 | I'm joined now by the FT's Richard Waters to talk more about this. |
| 1:42.0 | Hi, Richard. |
| 1:43.2 | Hi, good to talk to you. |
| 1:45.3 | Is Amazon laying off these workers for the same reason that other companies like Metta |
... |
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