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Amazon cracking down on internal discrimination complaints

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Amazon is investigating reports of toxic employee behavior in its cloud-computing unit

Amazon has opened an investigation into allegations regarding the culture of its cloud-computing unit after an internal petition slammed the retail giant for “an underlying culture of systemic discrimination, harassment, bullying, and bias against women and under-represented groups.”

The petition was signed by more than 550 employees and claims that Amazon’s processes to investigate discrimination claims are “not fair, objective or transparent.”

The petition alleges that the system is “set up to protect the company – rather than the employees filing the complaints”.

Employees say those who lodge complaints are often made vulnerable.

Picture: Amazon Press Centre

The eCommerce giant has hired an outside firm to investigate internal discrimination

Amazon also faces lawsuits from current and former employees alleging discrimination in the workplace.

The particular petition cites a lawsuit filed in May by Cindy Warner, a gay executive in Amazon Web Services professional services business, who accused a manager of making homophobic comments and alleged she was fired in retaliation. It also refers to a LinkedIn post last summer by Laudon Williams, a former employee of the group, who wrote that he left the company over concerns about gender and sexual orientation discrimination.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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