This change is part of UPS’s “glide down” strategy, which aims to optimise its business model by focusing on more profitable clients and reducing dependence on Amazon. Despite this reduction ...

Growth stocks have been all over the map this year. Despite bullish projections from analysts heading into 2025, President ...

Third, Big Tech’s cloud oligopoly undermines innovation. In artificial intelligence, for example, tech giants have been accused of trading cut-price access to cloud resources for intellectual property ...

CEO Prachur Sah said the company is conducting the commercial pilot of its EV charging infra venture and will then take a call whether to expand or not.

In addition, Astera’s management is expecting products such as CXL-based Leo memory controllers to start generating revenues this year, with ramp-ups ... Astera’s dependence on Amazon, I ...

UPS on Tuesday announced it is planning to cut 20,000 jobs this year, part of a cost-cutting effort that's linked to the delivery giant's decision to deliver fewer packages from Amazon ...

Nike is resuming the sale of its products on Amazon, with the sportswear giant also reportedly set to hike prices amid ...

UPS said Tuesday that it expects to cut 20,000 jobs this year and close 73 buildings in the next two months, as the company reduces its business with Amazon and faces wider economic uncertainty.

UPS is implementing significant changes, including cutting almost 20,000 jobs and closing 73 facilities, due to reduced demand from Amazon. Despite exceeding first-quarter earnings expectations ...

Amazon has hired FedEx to handle some of its large package deliveries, the companies said Monday, weeks after UPS said it was halting its less-profitable deliveries for the e-commerce retailer and ...