After years of breakneck hiring and expansion, Amazon.com is laying off hundreds of workers at its Seattle headquarters and beyond, according to a person familiar with the decision.
The online giant, which last year added nearly 130,000 employees globally, will cut “a few hundred” positions at its headquarters and hundreds more globally, the person said.
Layoffs began a few weeks ago as part of a strategy to trim parts of the retail business while adding jobs to support rapidly growing areas, such as Echo devices, digital entertainment and video, and the Amazon Web Services cloud business, said the person, who spoke on the condition of anonymity to discuss internal plans.
“As part of our annual planning process, we are making head count adjustments across the company — small reductions in a couple of places and aggressive hiring in many others,” an Amazon spokesman said in an email. “For affected employees, we work to find roles in the areas where we are hiring.” (Amazon chief executive Jeffrey P. Bezos owns The Washington Post.)
— Abha Bhattarai
Ford and Mazda added more than 35,000 pickup trucks in North America to a list of vehicles that shouldn’t be driven because they have Takata air bag inflaters at risk of exploding.
The warning includes 33,428 Ranger and 1,955 Mazda B-Series small pickups from the 2006 model year, the automakers said. Ford, which made the B-Series for Mazda, found test results showing the trucks had inflaters that ruptured or recorded high internal pressure readings, spokeswoman Elizabeth Weigandt said Monday.
The companies and the U.S. National Highway Traffic Safety Administration said dealers will tow the pickups to service bays to replace the faulty inflaters and provide loaner vehicles. Parts for the repairs already are available.
Rangers added to the do-not-drive list were built between Aug. 5 and Dec. 15, 2005.
— Associated Press
Remington, the gunmaker beset by falling sales and lawsuits tied to the Sandy Hook Elementary School massacre, has reached a financing deal that would allow it to continue operating as it seeks Chapter 11 bankruptcy protection.
The maker of the Bushmaster AR-15-style rifle used in the Connecticut shooting that killed 20 first-graders and six adults in 2012, said Monday that the deal with lenders will reduce debt by about $700 million and add about $145 million in new capital.
The company was cleared of any wrongdoing in the shooting, but investors shied away from its owner, investment firm Cerberus Capital Management.
— Associated Press
Restaurant Brands on Monday reported booming sales growth at its Burger King chain. Sales rose 4.6 percent in the most recent quarter at established Burger King restaurants on the strength of value meals and new items. At the company's coffee chain Tim Hortons, sales rose 0.1 percent as it launched an order-ahead app and started selling espresso drinks. At Popeyes, which Restaurant Brands bought for $1.8 billion last year, sales slipped 1.3 percent at established restaurants in the fourth quarter.
Ford is boosting production of its two largest SUVs, saying it now expects to make 25 percent more Lincoln Navigator and Ford Expedition models than initially planned. The two SUVs went on sale last fall. Last month, Ford said U.S. sales of the Navigator to individual buyers were more than double from January 2017, and Expedition sales were up 57 percent. Ford is investing $25 million in the Louisville plant that makes the SUVs. The upgrade includes 400 new robots to boost manufacturing speed.
Tens of thousands of soybean and cotton farmers throughout the country are being trained on how to properly use a weed killer blamed for drifting and damaging crops in nearby fields. The U.S. government mandated the training last fall in a deal with Monsanto, BASF and DuPont. All three make formulations of dicamba for use on new soybean and cotton varieties genetically engineered to resist the herbicide.
— From news reports