Former Microsoft Product Chief Joins Amazon as Head of Devices Business

The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, November 15, 2022. (Reuters)
The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, November 15, 2022. (Reuters)
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Former Microsoft Product Chief Joins Amazon as Head of Devices Business

The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, November 15, 2022. (Reuters)
The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, November 15, 2022. (Reuters)

Former Microsoft product chief Panos Panay will lead Amazon.com's unit responsible for the firm's Alexa and Echo products, the e-commerce giant said on Wednesday.

Panay, who was with Microsoft for over 19 years and most recently lead the Windows + Devices division, will take up the new role in October.

He will replace Dave Limp, a 13-year Amazon veteran who had announced plans to step down later this year.



Bosch to Cut Hours for 10,000 Workers in Germany

The logo of Bosch is seen at an office building in Kyiv, Ukraine July 6, 2020. REUTERS/Valentyn Ogirenko/File Photo
The logo of Bosch is seen at an office building in Kyiv, Ukraine July 6, 2020. REUTERS/Valentyn Ogirenko/File Photo
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Bosch to Cut Hours for 10,000 Workers in Germany

The logo of Bosch is seen at an office building in Kyiv, Ukraine July 6, 2020. REUTERS/Valentyn Ogirenko/File Photo
The logo of Bosch is seen at an office building in Kyiv, Ukraine July 6, 2020. REUTERS/Valentyn Ogirenko/File Photo

Robert Bosch, the world's largest car parts supplier, will reduce the working hours and pay of around 10,000 employees in Germany, going beyond previously announced reductions and in addition to thousands of job cuts announced on Friday.

In the latest sign of the challenges facing Germany's auto sector due to weak demand and competition from cheaper Chinese rivals, Bosch had said on Friday it would cut up to 5,550 jobs, a day after saying it would cut the working hours of 450 staff, Reuters reported.

Staff mostly on 38- or 40-hour contracts at sites around Germany will have their hours reduced to 35 hours, a spokesperson said on Saturday, confirming a report by dpa news agency.

The slowdown in the German car sector has also shaken Volkswagen, which is in an escalating dispute with workers over plans to close plants in Germany, and Mercedes , which has vowed to make tougher cost cuts.