Amazon to axe 18,000 jobs citing economic uncertainty

Amazon chief points to company’s rapid hiring in recent years while saying layoffs mainly to hit its brick-and-mortar stores

Amazon has announced it will cut more than 18,000 jobs from its workforce – the largest set of layoffs in the US company’s history – while business software maker Salesforce is to cut 8,000 workers in the latest purge of tech jobs.

Amazon cited “the uncertain economy” and said the e-commerce giant had “hired rapidly over the last several years” in making the announcement on Wednesday.

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Washington Post chief announces job cuts – and refuses to answer questions

Publisher Fred Ryan described as ‘embarrassing’ after walking out of meeting following revelation that up to 250 jobs could be lost

Turmoil at the Washington Post has intensified after a contentious town hall meeting on Wednesday in which the newspaper’s publisher, Fred Ryan, astounded staffers by announcing substantial job cuts to come, then quit the meeting, refusing to answer questions.

“This is embarrassing, this is embarrassing,” one staffer was heard saying as Ryan made his hasty exit, according to video footage posted on social media.

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Billionaire MacKenzie Scott donates $15m to help provide glasses to farmers in developing countries

Donation is believed to be the largest single donation towards helping solve the problem of uncorrected blurry vision

MacKenzie Scott, the billionaire philanthropist and former wife of the Amazon founder Jeff Bezos, has donated $15m (£13.5m) to a social enterprise that helps provide glasses to farmers in developing countries.

Scott’s donation to VisionSpring is believed to be the largest single private donation towards helping solve the problem of uncorrected blurry vision which leaves hundreds of millions of people in poverty.

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‘We’ve experienced an anomaly’: Bezos’s latest Blue Origin launch fails

New Shepard rocket fails shortly after launch, but uncrewed capsule jettisons successfully

An uncrewed rocket belonging to Jeff Bezos’s space company, Blue Origin, failed shortly after launch in Texas on Monday morning, a potential setback for the Amazon founder’s wider ambitions of sending humans into orbit.

The malfunction of the New Shepard booster, a type of rocket that is similar to the one Blue Origin has used this year to send three crews of up to six people on suborbital flights, came 1min 4sec after launch and just as the vehicle was reaching its maximum dynamic pressure, known as “max q”.

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Amazon shareholders reject 15 motions on worker rights and environment

Resolutions included calls for company to report on health and safety and review use of plastic

Amazon shareholders have rejected 15 resolutions brought forward by investors in a push to influence the company’s environmental impact and treatment of workers.

Shareholders voted on Wednesday against all the resolutions, most of which focused on worker rights and other social issues. The resolutions included calls for the company to report on worker health and safety and the treatment of its warehouse workers, and a review of Amazon’s use of plastic and changes to the company’s process for board nominations.

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Jeff Bezos questions China’s influence over Elon Musk’s Twitter

Amazon founder raises concerns after Tesla boss strikes $44bn deal to buy social media platform

Jeff Bezos has questioned whether China will lean on Elon Musk’s Tesla business to quell criticism of Beijing on Twitter.

The world’s second richest man posted a tweet raising concerns over potential Beijing influence on Twitter several hours after the Tesla chief executive, and current holder of the No 1 wealth spot, reached a $44bn (£34bn) deal with the Twitter board to buy the influential social media platform.

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If they could turn back time: how tech billionaires are trying to reverse the ageing process

Jeff Bezos and Peter Thiel are pouring huge sums into startups aiming to keep us all young – or even cheat death. And the science isn’t as far-fetched as you might think

In the summer of 2019, months before the word “coronavirus” entered the daily discourse, Diljeet Gill was double-checking data from his latest experiment. He was investigating what happens when old human skin cells are “reprogrammed” – a process used in labs around the world to turn adult cells (heart, brain, muscle and the like) – into stem cells, the body’s equivalent of a blank slate.

Gill, a PhD student at the Babraham Institute near Cambridge, had stopped the reprogramming process midway to see how the cells responded. Sure of his findings, he took them to his supervisor, Wolf Reik, a leading authority in epigenetics. What Gill’s work showed was remarkable: the aged skin had become more youthful – and by no small margin. Tests found that the cells behaved as if they were 25 years younger. “That was the real wow moment for me,” says Reik. “I fell off my chair three times.”

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Alexa whistleblower demands Amazon apology after being jailed and tortured

Tang Mingfang is willing to risk reprisals to clear his name over Foxconn revelations – and to get backing from Jeff Bezos

A whistleblower who exposed illegal working conditions in a factory making Amazon’s Alexa devices says he was tortured before being jailed by Chinese authorities.

Tang Mingfang, 43, was jailed after he revealed how the Foxconn factory in the southern Chinese city of Hengyang used schoolchildren working illegally long hours to manufacture Amazon’s popular Echo, Echo Dot and Kindle devices.

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Superyacht sales surge prompts fresh calls for curbs on their emissions

Campaigners say a superyacht can produce 1,500 times more carbon than a typical family car, and the polluters should pay

The rising fortunes of the world’s billionaires during the pandemic helped fuel a record £5.3bn in superyacht sales last year, prompting calls for new curbs on their emissions.

New figures reveal that 887 superyachts were sold in 2021, an increase of more than 75% compared with the previous year. Yachting brokers say some of the demand has been from wealthy clients seeking a secure refuge from the pandemic.

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Space cadets Branson and Bezos scoop the 2021 shamelessness prize

Virgin and Amazon bosses do well in our awards for business brass neck, but there are also nods to big oil, big money – and a powerful whiff of Musk

Every Christmas, Observer Business Agenda casts its eye over the year that was, seeking to spotlight the business luminaries whose deeds might otherwise have gone unrecognised. At first glance 2021 looked awfully similar to 2020 – a pandemic, various lockdowns and a new wave of infections to round it all off – but it soon became clear that there were still candidates worthy of special recognition.

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The best of the long read in 2021

Our 20 favourite pieces of the year

After growing up in a Zimbabwe convulsed by the legacy of colonialism, when I got to Oxford I realised how many British people still failed to see how empire had shaped lives like mine – as well as their own

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Daughter of US astronaut rockets into space aboard Blue Origin spacecraft

Laura Shepard Churchley, whose father, Alan Shepard, made history in 1961 as the first American to travel into space, was among the crew of six

The eldest daughter of pioneering US astronaut Alan Shepard took a joyride to the edge of space aboard Jeff Bezos’ Blue Origin rocket on Saturday, 60 years after her late father’s famed suborbital Nasa flight at the dawn of the Space Age.

Laura Shepard Churchley, 74, who was a schoolgirl when her father first streaked into space, was one of six passengers buckled into the cabin of Blue Origin‘s New Shepard spacecraft as it lifted off from a launch site outside the west Texas town of Van Horn.

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‘What a fool’: fellow actors criticise William Shatner’s space flight

Dame Joan Collins and Brian Cox unimpressed by historic trip, saying ‘let’s take care of this planet first’

The Star Trek actor William Shatner’s recent historic space flight saw him boldly go where some fellow actors refuse to follow, as the nonagenarian was labelled a “fool” for taking part in his record-breaking jaunt.

Dame Joan Collins, who once appeared in an episode of the science fiction series, and the Succession star Brian Cox, are both unimpressed by Shatner, at 90, becoming the oldest person to travel into space when earlier this month he flew in a rocket built by the Amazon founder Jeff Bezos.

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Rocket men: how billionaires are using celebrities as PR for their space projects

Critics see the ‘awful business’ of private space tourism as having little technological or exploration value

As Star Trek’s iconic Captain James T Kirk, he voyaged the universe for the good of humanity. The nonagenarian actor William Shatner’s brief, real-life thrill ride off the planet today, however, is much less about advancing the species as promoting the fortunes of Blue Origin, the private space company owned by the Amazon tycoon Jeff Bezos that’s taking him there.

Booking arguably the most famous fictional space traveler in history to front only the second crewed flight of Bezos’s New Shepard rocket system has secured a vast slew of positive publicity that not even the huge wealth of the world’s richest man could otherwise have purchased.

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William Shatner in tears after historic space flight: ‘I’m so filled with emotion’

Star Trek actor, 90, says ‘I hope I never recover from this’ after becoming oldest human in space on Jeff Bezos rocket New Shepard

The Star Trek actor William Shatner declared himself “overwhelmed” at becoming the oldest human in space, at the age of 90, during a brief but successful second crewed flight on Wednesday of Blue Origin’s New Shepard rocket ship from the west Texas desert.

The Canadian, who for four decades played Captain James Kirk, the fearless commander of the USS Enterprise, broke down in tears at the landing site as he described to the private space company’s founder, the Amazon tycoon Jeff Bezos, the profundity of his almost 11-minute leap to the stars.

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Jeff Bezos’s space flight firm ‘rife with sexism’, employees’ letter claims

Open letter by current and ex-staffers alleges ‘consistently inappropriate’ behaviour by Blue Origin leaders

A group of current and former employees at Blue Origin, the space flight company owned by the Amazon founder, Jeff Bezos, has accused the business of operating a work environment that is “rife with sexism” and prefers “breakneck speed” to safety.

An open letter written by Alexandra Abrams, the former head of employee communications at Blue Origin and 20 other current and former workers, says the company’s culture “reflects the worst of the world we live in now” and must change.

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‘You can’t sue your way to the moon’: Elon Musk intensifies Bezos space feud

SpaceX founder, who in April won a contract from Nasa, took a jab at Jeff Bezos’s Blue Origin for suing when it lost out on deal

Elon Musk intensified the feud over lawsuits and rocket sizes with space rival Jeff Bezos this week, kicking off the latest round in the billionaire battle over humanity’s return to the moon.

The SpaceX founder, who in April won a contract from Nasa to build the next-generation spacecraft to take astronauts to the moon’s surface for the first time since 1972, took a jab at Bezos for suing the US government when his company lost out on the deal.

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Jeff Bezos offers Nasa $2bn in exchange for moon mission contract

  • Billionaire lost out to Elon Musk’s SpaceX in lunar bid
  • Contract is to build craft to take astronauts to the moon

Fresh off his trip to space, Jeff Bezos on Monday offered to cover up to $2bn in Nasa costs if the US space agency awards his company Blue Origin a contract to make a spacecraft designed to land astronauts back on the moon.

Nasa in April awarded SpaceX, owned by rival billionaire Elon Musk, a $2.9bn contract to build a spacecraft to bring astronauts to the lunar surface as early as 2024, rejecting bids from Blue Origin and defense contractor Dynetics. Blue Origin had partnered with Lockheed Martin, Northrop Grumman and Draper in the bid.

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Jeff Bezos hails ‘best day ever’ after successful Blue Origin space flight

The Amazon founder Jeff Bezos hailed “the best day ever” after completing his pioneering foray into space on Tuesday with three crewmates, among them his brother Mark.

Related: Why is Bezos flying to space? Because billionaires think Earth is a sinking ship | Hamilton Nolan

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