Amazon shifts focus from Amazon Fresh and Go stores to Whole Foods and grocery delivery
After a decade of experimentation and growth, Amazon announces the closure of its Amazon-branded grocery and convenience stores, citing the inability to find the right operational model. … Read More
Expedia Group downsizes workforce in recent layoff wave at Seattle travel giant
Reports indicate that the layoffs at Expedia have affected employees across Seattle and other locations. … Read More
Seattle tech leaders push back against state tax proposal targeting startup exits
A proposed expansion of Washington state’s capital gains tax draws criticism from startup leaders, who fear it may discourage company growth in the area. … Read More
Amazon announces additional corporate job cuts, totaling 30,000 since October
Amazon confirms the layoff of 16,000 more corporate employees globally, marking the largest workforce reduction in the company’s history. … Read More
TerraPower nears key permits for first next-gen reactor, dubbed a ‘leading nuclear project in the U.S.’
Backed by Bill Gates, TerraPower anticipates federal approval to construct the nuclear components of its innovative plant in Wyoming. … Read More
Seattle’s tech industry faces economic uncertainty amidst Amazon job cuts
The tech sector in Seattle is rattled by economic concerns following significant layoffs at Amazon and other companies. … Read More
Seattle tech leaders oppose state tax proposal, labeling it an ‘extinction-level event’ for startups
Startup executives voice their disapproval of a proposed bill that seeks to broaden Washington state’s capital gains tax, potentially hindering entrepreneurial growth. … Read More
Amazon discontinues palm ID system, Amazon One, as it shuts down physical stores
As Amazon retracts from physical retail experiments, it phases out the Amazon One palm recognition service. … Read More
Rad Power Bikes acquired for $13.2M as bankrupt e-bike maker attracts bidders
Life Electric Vehicles emerges as the winning bidder in the asset auction for Rad Power Bikes, set to procure all inventory and intellectual property pending court approval. … Read More
LinkedIn surpasses $5B in quarterly revenue, fueled by successful TikTok pivot
Microsoft’s acquisition, LinkedIn, achieves a milestone of over $5 billion in quarterly revenue, showcasing the impact of its strategic shift towards TikTok. … Read More
