News
‘Return of the King’, ‘He’s got to come… he’s the best,’ Amazon employees comment on rumors of Jeff Bezos’ possible return to Amazon leader
Many Amazon employees have been revealed to have openly welcomed the potential return of Jeff Bezos to head e-retail giant Amazon after current CEO Andy Yassy announced the biggest wave of layoffs of 18,000 people.
Speculation that Bezos might try to replace Yassy as CEO has intensified during a steady decline in Amazon stock prices. In a recent blog post, Michael Batnick, managing partner at Ritholtz Wealth Management, suggested that Bezos would return to stabilize the company he founded.
“Obviously even Andy is not safe,” one employee said in an internal chat that Business Insider has access to. “He has to come…he’s the best,” another worker added. Another employee responded with a photo of Bezos with the caption “Return of the King”, while another shared a photo of Bezos with the caption “Missing me yet?”. “No wonder there are rumors of Bezos returning. He is probably asking Yassy what you are doing with my company,” the worker wrote.
Bezos stepped down as CEO to Andy Yassy in 2021, though he is still Amazon’s executive chairman. According to Forbes, the Amazon founder is currently the fifth richest person in the world with a net worth of $109.4 billion.
But Bezos’ net worth has plummeted along with Amazon’s valuation over the past year as a severe downturn hit the tech sector. Shares of Amazon and other big tech giants have steadily sold off as a series of interest rate hikes by the Federal Reserve raised fears of an economic downturn.
Yassy has responded to the worsening economic outlook and falling revenues with some cost-cutting measures, including layoffs this week.
Bezos himself has not yet said anything about his possible return.
Software
Microsoft has released a major Windows 11 update for all users – installation optional
Microsoft has made a major update to the Windows 11 operating system, also known as Moment 5, available to all users as an optional update KB5035942.
Users can optionally install KB5035942 through Windows Update. Previously, the company allowed enthusiasts to manually activate new features from an update. Moment 5 is now available to everyone directly from Windows Update.
Windows 11 Moment 5 brings quite a lot of innovations. Among them are an improved Copilot AI assistant function with new plugins and skills, improved “Photos” with a smart “eraser”, an improved Clipchamp video editor (possibly removing “awkward pauses”), closer integration with Android smartphones (can now be used in as a webcam), and much more.
News
Space meteorologists predicted a new geomagnetic storm: the Sun is approaching maximum activity
Space meteorologists have issued a forecast for this week warning of a possible geomagnetic storm caused by the release of plasma from a solar flare. This could affect radio transmissions on Earth and contribute to the observation of the “northern lights.”
According to an alert issued March 23 by NOAA’s Space Weather Prediction Center in Boulder, Colorado, the public has no reason to be concerned.
Mainly, solar storms can disrupt high-frequency radio transmissions, such as communications between aircraft and remote towers. Jonathan Lash, a forecaster at the center, noted that many commercial aircraft can use satellite communications as a backup option.
Satellite operators may also have problems tracking their spacecraft, and the power grid may detect induced current in its lines.
“For the general public in high latitudes, with clear skies, this will be a great opportunity to see the ‘northern lights,'” Lash said.
Every 11 years, the Sun’s magnetic field changes and its north and south poles switch places. During this cycle, solar activity also changes and is now approaching its peak, which is called solar maximum.
During solar maximum, geomagnetic storms like the one observed last Sunday can occur on Earth several times a year, according to Lash. During periods of solar minimum, several years may pass between storms.
Last December, the largest solar flare in recent years disrupted radio communications.
Car News
BYD cuts prices on 100 models to beat Toyota and Volkswagen
BYD is going to beat Toyota and Volkswagen by offering modern cars at very low prices. According to Bloomberg, the Chinese automaker has reduced prices on more than 100 of its electric and hybrid models.
For example, BYD’s new generation-changing Seagull hatchback now costs less than $10,000, while the manufacturer’s best-selling electric sedan, the Qin Plus, costs less than $11,000.
BYD announced the beginning of an era called “electricity is cheaper than oil”, when hybrid and pure electric models become as affordable as traditional models with internal combustion engines, or even cheaper.
In total, BYD has already relaunched more than 70 models with lower prices. According to Bloomberg, only the newest Yangwang supercar worth 233 thousand dollars has not fallen in price so far.
By lowering prices, BYD wants to convince drivers to ditch gasoline cars and switch to electric vehicles and hybrids. This aggressive pricing policy poses a real threat to Toyota, Volkswagen, Nissan and other manufacturers.
Previously, BYD Auto officially announced the production of its 7 millionth new energy vehicle, which turned out to be the Denza N7.
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