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around the warehouse. Federal prosecutors asked current and former Amazon employees to report information about working conditions via an online form. One question on the survey reads, “Have you seen workers working in unsafe ways to try to meet their productivity/rate requirements?” Another says, “Do you believe that Amazon discourages workers from reporting injuries?” A Department of Labor spokesperson confirmed it opened investigations at Amazon warehouses in Colorado, Idaho and New York. The spokesperson said the probes are based on allegations of safety and health violations at “several Amazon facilities,” but declined to comment further, as they “active investigations.” Get the Morning Rundown Get a head start on the morning’s top stories. SIGN UP THIS SITE IS PROTECTED BY RECAPTCHA PRIVACY POLICY | TERMS OF SERVICE Representatives from Amazon didn’t immediately respond to a request for comment. Amazon spokesperson Kelly Nantel previously told CNBC in a statement that the company intends to cooperate with OSHA throughout its investigation. “We believe it will ultimately show that these concerns are unfounded,” Nantel said. Amazon has repeatedly come under fire for its treatment of warehouse and delivery workers. Critics and lawmakers have pointed to the company’s obsession with speed and strenuous quotas as threats to worker safety. Employees often claim they’re at risk of discipline and being fired if they fail to meet productivity quotas. Amazon has denied that it uses such quotas in its warehouses, and disputed reports of unsafe working conditions. OSHA investigators have inspected Amazon warehouses on numerous occasions over working conditions, including a tragic warehouse collapse and coronavirus-related health and safety concerns. When an OSHA violation is identified, it typically results in fines that are paltry compared with the hundreds of billions of dollars Amazon hauls in annually. Annie Palmer, CNBC Annie Palmer is an associate tech reporter for CNBC.

I am currently unsupervised I know it freaks me out too but the possibilities are endless shirt

Aug. 3, 2022, 2:37 AM +07 By Annie Palmer, CNBC Federal officials are sharpening their focus on Amazon’s workplace safety hazards. Investigators from the Occupational Safety and Health Administration, which is part of the Labor Department, visited Amazon sites near Albany, New York, Denver and Boise, Idaho, on Monday, according to a document viewed by CNBC. The inspections are part of an ongoing probe launched last month by OSHA and the U.S. Attorney’s Office for the Southern District of New York. OSHA officials in mid-July visited three other Amazon warehouses in New York, Chicago and Orlando in response to referrals from SDNY prosecutors. The U.S. Attorney’s Office said last month that the civil division is investigating potential workplace safety hazards at Amazon warehouses nationwide, as well as possible fraudulent conduct designed to hide injuries from OSHA and other regulators. OSHA inspectors have so far zeroed in on Amazon’s injury and illness record-keeping, ergonomics program and Power Industrial Truck (known as PIT) operations, according to the latest document. PIT roles require employees to drive forklifts or other machinery to reach products on high shelves or move heavy items

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Aug. 3, 2022, 4:30 AM +07 By Ashley Capoot Robinhood CEO Vlad Tenev said Tuesday in a press release that the company will reduce its headcount by approximately 23%. The layoffs will be primarily in operations, marketing and program management. In the release, Tenev blamed “deterioration of the macro environment, with inflation at 40-year highs accompanied by a broad crypto market crash.” Robinhood had previously laid off 9% of its workforce in April. “I want to acknowledge how unsettling these types of changes are,” Tenev said. In the release, Tenev said the company would flatten its organizational structure to give new general managers broad responsibility for its businesses. He also said that affected employees would receive an email and a Slack message letting them know if they were being let go or still had a job, immediately after an all-hands meeting to discuss the move on Thursday. The company also dropped its earnings report for the second quarter, one day earlier than expected. Here’s how it did. Revenue: $318 million vs. $321 million estimated, according to Refinitiv Loss: 34 cents per share vs. 37 cents estimated, according to Refinitiv Get the Morning Rundown Get a head start on the morning’s top stories. SIGN UP THIS SITE IS PROTECTED BY RECAPTCHA PRIVACY POLICY | TERMS OF SERVICE Robinhood’s total net revenue of $318 million was up from $299 million in the first quarter, thanks to an increase in revenue from cryptocurrency activities and net interest. However, that revenue number was still well below the $565 million reported in the second quarter of 2021. The report also showed a decline in monthly active users and assets under custody. The company has seen growth reverse as the pandemic boom in retail trading appeared to lose steam. The company went public in July 2021 at $38 per share, and its stock jumped as high as $85 per share in its first month of trading. Recommended CONSUMER Coca-Cola’s newest flavor ‘Dreamworld’ supposedly tastes like dreams CONSUMER U.S. Postal Service asks for temporary postage hike for holiday season However, the stock quickly lost steam. Shares of Robinhood are down 48% year to date and closed at $9.23 per share on Tuesday. Shares were down about 2% in after-hours trading. Jesse Pound contributed to this report. Ashley Capoot

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