Amazon is closing some of its brick-and-mortar stores, and Apple is expected to drop a handful of new products next week.
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1.Amazon is shuttering dozens of its physical retail stores. The e-commerce giant is closing all of its Amazon Books, Amazon 4-Star, and Amazon Pop Up stores in the US and the UK, Reuters first reported.
*Amazon has struggled to replicate its massive online success with some of its brick-and-mortar shops. Leaked documents show the company has fallen behind on its ambitious goals for its cashierless Fresh stores, and its smart shopping carts have seen a steady decline in use since their debut in 2020.
*The company told Insider it will continue its work on other physical stores, including Amazon-owned Whole Foods and Amazon Go, as well as Amazon Style clothing stores, which it announced last month.
*The company said in a statement that it will work with the staff at the 68 affected stores to find other roles within Amazon, including at nearby Amazon stores. Those who are not moved into new roles will receive severance, the company said.
In other news:
Google CEO Sundar Pichai speaks during Google I/O 2016 at Shoreline Amphitheatre on May 19, 2016 in Mountain View, California. The annual Google I/O conference runs through May 20.
2.Google wants employees back at the office in April. The company told workers in the Bay Area and elsewhere in the US they should plan to return to the office three days a week, starting April 4.
3.Ford stopped Elon Musk from using a specific name for new Tesla vehicles. Now the auto giant is restructuring, and using the name for its new division. Ford is splitting into two auto businesses: one for combustion vehicles and one for electric cars. The latter will be called Ford Model e.
4.Get ready: New Apple products are expected March 8. The company announced its next digital-only event, dubbed “Peek Performance,” where a new iPad Air and an iPhone SE with 5G are rumored to make their debut.
5.Instagram’s Explore page is turning young women into micro influencers — and not necessarily by choice. Women told Insider that while being featured on the app’s Explore page has led to brand deals, they also felt pressured to become influencers and post “thirst traps.”
6.In Ukraine news: Tesla is offering free EV charging stations in nearby countries for those fleeing Ukraine, Snapchat has banned ad sales to Russia, and Ukrainian officials are trying to get Russia removed from the internet.
7.See the résumé that got this person a job at Google without networking or referrals. While still in college, Jerry Lee landed an internship at the search giant and stuck around for three years. He told us a strong résumé is one of the most effective ways to stand out to recruiters.
8.An interviewer had Mark Zuckerberg circle traffic lights on a piece of paper to prove he isn’t a robot. Zuckerberg has long fielded jokes that he acts like a robot, so an interviewer had him complete a CAPTCHA, the online test that proves a user is a human.
9.Facebook’s outgoing CTO is giving up almost $50 million to move to a new role. Longtime exec Mike Schroepfer, who is moving to a part-time position as a senior fellow, is “forfeiting” more than 232,000 restricted stock units — or roughly a third of the Facebook stock he owns directly.
10.Epic Games is acquiring Bandcamp. Epic, which is perhaps most known for its video game “Fortnite,” announced Wednesday it would buy the music platform.
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