Techno Blender
Digitally Yours.
Browsing Tag

Dave Clark

Shopify to Lay Off 20% of Its Workforce as It Sells Logistics Business to Flexport

Flexport is buying Shopify’s logistics-fulfillment operations, including U.S. e-commerce platform Deliverr, setting up the freight company to add home-delivery services that would compete with Amazon.com for retailer business. Shopify is also selling its 6 River Systems warehouse robotics operation to U.K. automated grocery-fulfillment specialist Ocado Group. Shopify, a Canada-based online retail-services platform that has struggled…

Logistics startup Flexport cutting 20 percent of staff in restructuring

Logistics startup Flexport said it would cut about 20 percent of its global workforce as its new chief executive refocuses the business amid a sharp downturn in shipping activity. "Lower volumes, combined with improved efficiencies as a result of new organizational and operational structures, means we are overstaffed in a variety of roles across the company," Flexport said in a statement. The privately held company, which is one of the most valuable logistics startups, declined to say the number of employees affected by…

Amazon is reducing its private-label items, says Wall Street Journal

Amazon Inc has started reducing the number of items it sells under its own brands amid weak sales, the Wall Street Journal reported, citing people familiar with the matter. The company has also discussed the possibility of exiting the private-label business entirely to alleviate regulatory pressure, the report added. Amazon did not immediately respond to a Reuters' request for comment. Disappointing sales for many of the in-house brand items partly caused the decision to scale them back, the WSJ report said. The…

Amazon Names Doug Herrington as New Boss of Worldwide Stores

Amazon.com Inc. AMZN 2.32% has named longtime executive Doug Herrington as its new boss of world-wide stores following the departure of Dave Clark, who led its warehousing and e-commerce operations and is leaving the company.Mr. Herrington, a 17-year Amazon veteran, will receive a new title as chief executive officer of Worldwide Amazon Stores, Amazon CEO Andy Jassy said in a…

Amazon Could Run Out of Warehouse Workers to Wear Down by 2024

Amazon, the company notorious for its awful labor practices, is grinding through its potential workforce too fast, according to an internal company research memo leaked to and first reported on by Vox. “If we continue business as usual, Amazon will deplete the available labor supply in the US network by 2024,” said the document, according to Vox.The memo indicated that things were looking particularly grim for Amazon’s labor pool in a few specific locations. Amazon reportedly based their calculations on factors like local…

Amazon CEO Andy Jassy’s First Year on the Job: Undoing Bezos-Led Overexpansion

Andy Jassy spent years running one of the fastest-growing divisions in a company famed for its rapid expansion. Nearly a year after taking over as chief executive of Amazon.com Inc., AMZN -3.72% he’s learning how to tap the brakes.Amid one of the worst stretches for financial performance in Amazon’s history, Mr. Jassy is working to cut back the excesses of an e-commerce operation the company expanded at breakneck pace during much of the…

Andy Jassy’s First Year at Amazon: Undoing Bezos-Led Overexpansion

Andy Jassy spent years running one of the fastest-growing divisions in a company famed for its rapid expansion. Nearly a year after taking over as chief executive of Amazon.com Inc., AMZN -3.67% he’s learning how to tap the brakes.Amid one of the worst stretches for financial performance in Amazon’s history, Mr. Jassy is working to cut back the excesses of an e-commerce operation the company expanded at breakneck pace during much of the…

Former Amazon Executive Dave Clark Named CEO at Flexport

Dave Clark, who led the sweeping logistics expansion at online retailer Amazon. com Inc., will become chief executive of Flexport Inc., the digital-focused freight forwarder that has emerged as one of the biggest in a stable of tech-forward shipping startups. Mr. Clark, who resigned last week as CEO of Amazon’s consumer business, will join Flexport on Sept. 1, the company announced on Wednesday. Ryan Petersen, Flexport’s…

Amazon Consumer CEO, Who Led Massive Logistics Expansion, Resigns

Amazon.com Inc.’s AMZN -2.52% consumer CEO, Dave Clark, disclosed plans Friday to leave the company, bringing an end to the tenure of a key executive behind the tech giant’s massive warehouse and logistics expansion during the pandemic. Mr. Clark, a 23-year veteran of the online retailer, headed up all of logistics at Amazon until January 2021. Last year, he was promoted to chief executive officer of the…