Amazon
Company · Technology
Work
Saks Global Cuts 1,226 Jobs as Luxury Retail Bankruptcy Deepens
Saks Global is cutting 1,226 jobs and closing 15 stores by May as it restructures $3.4 billion in debt. Former employees who were laid off in December had their severance payments suspended due to bankruptcy law, leaving many without expected income or health insurance.
Cybersecurity
ShinyHunters Claims 350GB Stolen in EU Commission Breach
Extortion gang breached Amazon cloud infrastructure hosting Europa.eu, Commission confirms data theft on March 24.
Technology
Amazon Buys Fauna Robotics for $350M, Escalating Humanoid Robot Race
Amazon confirmed the acquisition of Fauna Robotics for approximately $350 million. The New York startup builds Sprout, a 3.5-foot humanoid robot designed for homes and schools. Fauna launched in February 2024 with $52 million in Series A funding.
Geopolitics
Bank of America Pays $72.5M to Settle Epstein Claims
Bank of America has agreed to pay $72.5 million to settle a class action brought by survivors of Jeffrey Epstein's sex trafficking operation.
AI
Apple to Unveil Siri as 'Systemwide AI Agent' at WWDC 2026
Rebuilt Siri gains deep app integration, conversational chat interface, and web-sourced summaries to compete with Perplexity and Google Gemini.
AI
Anthropic Eyes $60B IPO in October
The Claude maker is in early talks with Goldman Sachs, JPMorgan, and Morgan Stanley. At $60 billion, it would dwarf OpenAI's expected offering later this year.
AI
Apple Opens Siri to Claude, Gemini, Grok in iOS 27
OpenAI's exclusive partnership ends. Users will choose their preferred chatbot through new Extensions settings. Apple is also building its own chatbot Siri based on Gemini.
Geopolitics
Australia's Fuel Crisis Deepens as Albanese Takes Emergency Powers
The ACCC says average diesel hit 303.5 cents a litre. Unleaded is 252.2 cents. Some stations in Sydney and Melbourne are charging $3.15.
Work
Amazon Confirms 16,000 Corporate Job Cuts in 2026 Workforce Restructuring
E-commerce giant announces largest single layoff of 2026 as part of broader corporate downsizing strategy.
