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Amazon is preparing to cut thousands of office jobs amid slowing sales and concerns about an economic downturn, according to reports.

The reductions could affect roughly 3% of office staff at the e-commerce giant - or about 10,000 people - US media reported, citing anonymous sources.

The cuts are expected to affect divisions such as personal devices and e-commerce.  Read more

Last October, while Amazon opened its first four-star stores in the UK, more than 500 book and publishing industry professionals gathered for a two-day conference called "Reimagining Bookstores".  Read more

The post-pandemic recovery is pushing China's tech-savvy population - 885 million digital consumers - even further online, not only for shopping, but also for entertainment, reading and learning, according to a New Media for Publishing research report.  Read more

Take a look at this graph. The blue is Amazon's share of book sales in the past six years. The orange is where we are headed if their average growth rate (8%) continues. If nothing slows their momentum, Amazon will control nearly 80% of the consumer book market by the end of 2025. Every single book lover should worry. After we're done worrying, we must change the way we buy books.

In announcing another round of record financial results, Amazon said that founder and CEO Jeff Bezos will turn over his CEO duties to Andy Jassy, currently head of Amazon Web Services (AWS), sometime in this year's third quarter. Bezos will become executive chairman of Amazon.