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Amazon Prime price to get inflation-busting 31% hike in Europe

The Amazon Prime price increase follows a decision to do the same in the United States to $139 for annual subscribers. Amazon.com Inc. said it’s increasing the cost of its Prime subscription in the United Kingdom, Germany, France, Spain and Italy as a result of inflation and associated operating costs. The Amazon Prime price increase […]
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Shopify cuts 10% of workforce

The layoffs are an acknowledgement that Shopify’s plan to rapidly expand as the pandemic waned has not worked, as inflation and fears of recession dampen ecommerce growth. Canadian ecommerce firm Shopify Inc. is cutting about 10% of its workforce. The Shopify cuts come with acknowledgment from CEO Tobi Lutke that the company’s decision to expand rapidly…
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