tl;dr
In a recent development, France's data protection regulator fined Amazon's (NASDAQ:AMZN) warehouse operator approximately $35 million for employing what it deemed to be "excessively intrusive" surveillance methods against its employees. The fine, amounting to 3% of the annual revenue generated at th...
In a recent development, France's data protection regulator fined Amazon's (NASDAQ:AMZN) warehouse operator approximately $35 million for employing what it deemed to be "excessively intrusive" surveillance methods against its employees. The fine, amounting to 3% of the annual revenue generated at the facility, was deemed to be close to the ceiling of the maximum penalty that the regulator can levy. The regulators found that Amazon France Logistique utilized scanners to determine whether employees were inactive for more than 10 minutes and to monitor employees' idle time, in addition to scanning articles at a pace deemed too fast. Amazon has stated its intention to challenge the fine, arguing that the surveillance methods were essential for ensuring the security, quality, and efficiency of operations at the facility. The company also shared plans to implement certain modifications, such as deactivating the "stow machine guns" and extending the idle time warning to 30 minutes from its previous 10-minute duration. This case highlights the growing scrutiny on workplace surveillance practices and the importance of balancing employee privacy with the perceived operational benefits.
More about Amazon.com Inc
Amazon.com, Inc. is a leading multinational technology company in the retail-catalog & mail-order industry, with a market capitalization of $1.6 trillion. The stock has shown a 1.9% increase in the last trading session, closing at $182.24. The Relative Strength Index (RSI) stands at 53.95, indicating a neutral sentiment. The stock is currently trading above its 50-day moving average, suggesting a bullish trend. However, caution is advised as the stock is approaching its resistance level, and a potential breakout or reversal may occur. It's important to consider the uncertainties in the market, as past performance may not guarantee future results.
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