Amazon announces 10,000 layoffs

CNBC Television published this video item, entitled “Amazon announces 10,000 layoffs” – below is their description.

CNBC reports the latest layoff facing the tech sector with interview with comments from Amazon’s Jeff Bezos and from Apple CEO Tim Cook.

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About This Source - CNBC Television

CNBC is an American pay television business news channel, which primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.

As of February 2015, CNBC is available to approximately 93,623,000 pay television households (80.4% of households with television) in the United States.

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In This Story: Jeff Bezos

Jeffrey Preston Bezos is an American business magnate, media proprietor, investor and commercial astronaut. Bezos is the founder and executive chairman of Amazon, having previously served as chairman, president and CEO of the company.

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In This Story: Tim Cook

Timothy Donald Cook is the chief executive officer of Apple Inc., and previously served as the company’s chief operating officer under its cofounder Steve Jobs.

Cook joined Apple in March 1998 and was made the chief executive on August 24, 2011, prior to Jobs’ death in October of that year.

Since 2011 when he took over Apple, to 2020, Cook doubled the company’s revenue and profit, and increased its market value from $348 billion to $1.9 trillion.

In 2014, Cook became the first chief executive of a Fortune 500 company to publicly come out as gay. Cook also serves on the boards of directors of Nike, Inc., the National Football Foundation, and is a trustee of Duke University. In March 2015, he said he planned to donate his entire stock fortune to charity.

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