Though technology companies announced massive layoffs last year, 2023 has been much worse. So far, layoffs have far outpaced those in all of 2022, as tech giants including Amazon, Facebook parent company Meta, Microsoft, Google, IBM, SAP, and Salesforce - as well as many smaller companies - announce sweeping job cuts.

Google has reached a key milestone in designing server processors aimed at reducing the cost of operating its data centers and keeping up with cloud business rival Amazon, according to one person with direct knowledge of the project and one person who was briefed about it. The progress means Google could start using the new chips by 2025, one of these people said.

Global economic turbulence has hit technology companies this year, leading to slowing revenue growth and widespread layoffs, even as some segments of enterprise spending on IT seem to be holding steady.

Amazon.com is planning to lay off around 10,000 employees in corporate and technology roles beginning this week, a person familiar with the matter said on Monday, in what would amount to its biggest such reduction to date.

Peloton Interactive is drawing interest from potential suitors including Amazon.com, according to people familiar with the matter, as the stationary-bike maker's stock slumps and an activist urges it to explore a sale.

Amazon founder Jeff Bezos is to step down as chief executive of the e-commerce giant that he started in his garage nearly 30 years ago. He will become executive chairman, a move he said would give him "time and energy" to focus on his other ventures.

Indian stock exchanges on Wednesday gave the go ahead for Future Group's $3.4 billion deal to sell its retail assets, taking it a step closer toward closing a deal that has soured its ties with its business partner Amazon.

India is considering revising its foreign investment rules for e-commerce, three sources and a government spokesman told Reuters, a move that could compel players, including Amazon.com Inc, to restructure their ties with some major sellers.

Intel's Habana Labs business said on Wednesday it would take time to gain market share from Nvidia in cloud and data centre computing but its deal this week with Amazon Web Services (AWS) was a solid first step.

More consumers are doing their holiday shopping from their couch due to the pandemic.

Demands include improved pay and safety conditions, and transparency over privacy and user data.

Dutch chipmaker NXP Semiconductors on Tuesday said it had entered a strategic relationship with Amazon.com's cloud computing unit to help cars communicate with data centers.

Amazon on Thursday said it shifted part of the computing for its Alexa voice assistant to its own custom-designed chips, aiming to make the work faster and cheaper while moving it away from chips supplied by Nvidia.

The European Union has unveiled formal antitrust charges against Amazon for abusing its dominance in online shopping and opened a second investigation into the company's business practices.

Amazon CEO Jeff Bezos has sold more than $3 billion shares in his company this week, according to filings with the Securities and Exchange Commission.

For the fourth quarter, Amazon forecast operating income to fall between $1 billion and $4.5 billion, assuming about $4 billion of costs tied to Covid-19.

A 16-month congressional investigation into Amazon, Apple, Google and Facebook has found that the tech giants hold "monopoly power" in key business segments and have abused their dominance in the marketplace, in a full-throated condemnation of the giants.

Amazon's latest effort to speed up shopping trips lets you pay with the palm of your hand at some of its stores.

Amazon announced two new Fire TV products during its big online hardware event on Thursday.

Amazon Sidewalk will leverage connectivity through Echo and Ring devices

Amazon recently hired Peter Marquez as its first-ever head of space policy at Amazon Web Services.

Amazon vows to 'protest this politically corrupted contract award'

The U.S. and the European Union disagree over the taxation of companies such as Apple, Alphabet and Amazon.

Amazon received a critical certificate from the Federal Aviation Administration on Saturday, bringing it a step closer to launching drone delivery in the United States.

The coronavirus crisis might be causing widespread economic upheaval around the world, but the world's biggest tech firms are thriving.

An email released by the House Antitrust Subcommittee on Wednesday show negotiations between Amazon and Apple over revenue sharing from the Amazon Prime Video app.

The most powerful figures in tech were hit with tough questions and documents that raised concerns about their competitive tactics during a high-profile antitrust hearing on Wednesday.

The blockbuster antitrust hearing featuring CEOs from Amazon, Apple, Facebook and Google, which was supposed to happen Monday, looks like it will be postponed, two people familiar with the matter told CNBC.

Amazon confirmed it will hold Prime Day "later than usual" this year, but it stopped short of setting a date for the event.

Adding to other services like Philo

Walmart is launching Walmart+ in July, according to a report by Vox's Recode.

Amazon gave third-party sellers a placeholder date of the week of Oct. 5 for Prime Day, according to an email obtained by CNBC.

Amazon Web Services announced on Tuesday it was establishing a new space unit called Aerospace and Satellite Solutions.

Almost every tech giant has its sights on gaming. Even Apple and Google, predominantly known for their hardware and operating systems, have made big bets in games.

Zoox was valued at over $3 billion in 2018, but has struggled with management turnover in its efforts to develop a self-driving car.

Representatives for Mark Zuckerberg, Sundar Pichai and Jeff Bezos indicated the execs are open to testifying before Congress about the influence of big tech.

The moratorium follows protests against police brutality and criticisms against Amazon's ties to law enforcement.

Reliance has launched an online grocery service, JioMart, the head of its grocery retail business said, in a move aimed at rivalling Amazon.com's local unit and Walmart's Flipkart in the huge Indian market.

Amazon is suspending its distribution activity in France after a court ruled it had to stop all non-essential deliveries during the coronavirus pandemic.

Amazon has been ordered to limit its deliveries in France to essential goods only, amid claims it is failing to protect its workers from coronavirus.