• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Tuesday, July 8, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Jeff bezos loses $600 million

by Manya Jasuja
January 7, 2023 - Updated On January 12, 2023
in News
Reading Time: 2 mins read
0
Jeff bezos loses $600 million
TwitterWhatsappLinkedin

Jeff Bezos is the founder, executive chairman, and former president and CEO of Amazon with net worth of $108 billion on the index as per Bloomberg Billionaire Index and is sixth richest man in the world. according to recent reports, Jeff Bezos loses over $600 million in a day.

You might also like

A New Cyberattack on LVMH, Louis Vuitton Korea Highlights Escalating Threats to Luxury Retail

A Guide for NRIs Sending Money to India Without US Remittance Tax

iPhone 17 Pro Max Set to Boast Largest iPhone Battery Yet, with a Premium Price Tag

 

Amazon stock prices has also declined over few days as the news of amazon to lay off 18,000 employees goes viral. This has affected the net worth of Jeff Bezos as well. According to Bloomberg Billionaires Index Jeff Bezos lost around $949M (year till date) which is around $1 billion in a day after amazon announced to fire 18,000 employees. Amazon earlier has also laid off around 10,000 employees in November 2022. The company laid off employees because of hiring extra staff in the pandemic of COVID-19. Amazon was also among one of those tech companies who laid off their staff because of unwanted economy. Amazon also did offered voluntarily reduction for some of the employees.

Another round of lay off

Recently CEO of Amazon Andy Jassy announced on a blog post that Amazon will be experiencing another round of layoffs this January and around 18,000 will be affected by this layoff globally. This is the highest no. of layoff’s that Amazon has ever experienced. Andy Jassy announced in the post that laying off was part of their annual planning for 2023 because of the uncertain economy they have hired over last several years. however, majority of employees that will be affected by the decision will include employees from Amazon stores and PXT organizations. He also said that one of their teammates leaked the information externally, Andy Jassy also showed his concern for the affected employees and ensued them to provide necessary facilities such as health insurance, support for external jobs etc.

History of Amazon

Jeff Bezos holds a degree in electrical in electrical engineering and computer science. He worked on wall street from 1986 to 1994. Bezos found Amazon in late 1994, the company began as an online bookstore and has since expanded to a variety of other e-commerce products and services. Amazon has evolved rapidly over years and is one of the world’s largest e- commerce platform. It has expanded into a multitude of product categories. It has multiple subsidiaries including Amazon Web Services, Zoox, Kuiper systems etc.  The company has never failed to satisfy its customers and it has built considerable trust of customers over years.  Amazon has been referred as ‘one of the most influential economic and cultural forces in the world and is one of the world’s most valuable brands.

Tags: amazon layoffJeff Bezostrending
Tweet54SendShare15
Previous Post

In an extended Series D round from Advent International, KreditBee raises $100 million.

Next Post

Dell plans to replace all of its devices processors built in China by 2024

Manya Jasuja

Recommended For You

A New Cyberattack on LVMH, Louis Vuitton Korea Highlights Escalating Threats to Luxury Retail

by Anochie Esther
July 8, 2025
0
LVMH

LVMH Moët Hennessy Louis Vuitton SE (LVMUY), the world's leading luxury fashion conglomerate, is once again grappling with the fallout of a cyberattack. The company confirmed that its...

Read more

A Guide for NRIs Sending Money to India Without US Remittance Tax

by Anochie Esther
July 8, 2025
0
NRIs

The financial landscape for Non-Resident Indians (NRIs) in the United States is set to shift with the recent passage of a bill by the US Senate. Effective January...

Read more

iPhone 17 Pro Max Set to Boast Largest iPhone Battery Yet, with a Premium Price Tag

by Anochie Esther
July 8, 2025
0
iPhone 17 Pro Max

Apple is gearing up for one of its most significant tech unveilings of 2025, with the highly anticipated iPhone 17 lineup expected to debut in September. This year's release...

Read more
Next Post
dell

Dell plans to replace all of its devices processors built in China by 2024

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?