The platforms will have until next summer to adapt to this new legislation , under penalty of being fined 6 % of their turnover, or having to suspend their activities within the European Union. Amazon is preparing to lay off thousands of employees – The departments affected are the Made In Amazon devices like Alexa, retail and human resources. This wave of layoffs, which is expected to affect a total of around 10,000 people , would be the largest job cuts in the company’s history . While the company had announced gradual layoffs by sector, messages from people affected by these cuts have flourished on LinkedIn in recent days.
The cost-cutting move by Jeff Besos' company comes amid linkedin data a tough global economic environment for tech companies . While Meta's layoffs are roughly the same, Amazon's layoffs represent just 3% of its employees and less than 1% of its global workforce, compared to Meta's 13%. Source: LinkedIn Google has agreed to a $391 million privacy settlement with 40 US states for allegedly misleading users about their location tracking .
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The US company allegedly continued to collect information without users' consent and despite their location being turned off. The attorneys general handling the case say it is the largest internet privacy settlement reached by US states and a historic victory for consumers. The move comes amid tensions between regulators of major Western powers and GAFA over privacy and surveillance by tech companies. While Europe regulated the collection of its citizens' data a few years ago, the United States is struggling to legislate on the subject in the face of lobbying from tech giants.