The ecommerce giant says the investment will help grow its rural network to more than 200 delivery stations and create over 100,000 new jobs. Amazon is aiming to triple the size of its rural delivery network by the end of next year, while “cutting average delivery times in half.”
Said Donald Trump, speaking to reporters today about Jeff Bezos and Amazon’s response quickly disavowing any suggestion that it might tell customers how much Trump’s tariffs have increased the prices on their products. “Jeff Bezos is very nice... He solved the problem very quickly.”
It looks like we have our answer to Nilay’s question.
UPS revealed the job cuts in its earnings report released today, which it says are linked to “lower volumes from our largest customer,” Amazon. The company announced earlier this year that it will decrease its Amazon deliveries by more than 50 percent by the second half of 2026.
The layoffs will affect around 4 percent of the company’s 490,000 employees. UPS also plans to close 73 of its buildings by the end of June.
Independent Bookstore Day is on Saturday, but Amazon is having a book sale, too, reports Fast Company.
An Amazon spokesperson tells the publication that “The overlap was unintentional. The dates for our sale were set this year to accommodate additional participating countries.”
Zulay Kitchen, which makes and sells kitchen gadgets, told CNBC that the company is “temporarily raising” the price of some of its products as it works to move production to India, Mexico, and other locations not subject to Trump’s 145 percent tariff on China.
Another seller, Pure Daily Care, plans to “stagger price increases” while trying to stretch existing inventory in case the US and China reach an agreement, CNBC reports.
Amazon’s Project Kuiper is required to send 1,600 internet satellites into space by next summer under its FCC license, but sources tell Bloomberg that Project Kuiper is falling behind. The company has reportedly produced only “a few dozen” satellites so far, which means Amazon may need to ask for an extension from the FCC.
Project Kuiper’s first launch is now scheduled for April 28th after its initial attempt was scrubbed.
On April 10th, a Microsoft executive stated that the company was “slowing or pausing some early-stage datacenter infrastructure projects.” Today, CNBC reports a note from Wells Fargo analysts stating that they have heard a similar story about Amazon.
The article cites industry sources saying AWS has paused some leasing discussions, holding off on new projects without canceling already signed deals.
