The Prime price hike wasn’t the only major news in the report. The change will go into effect on February 18 for new Prime members and after March 25 for existing members. The latest price hike represents a 17% increase. The company last raised prices for Prime in 2018, when it bumped the annual membership up from $99. (AMZN)’s global workforce has doubled over the past two years, to 1.6 million employees, and the company also said last year that it had increased wages for thousands of workers.

The move comes as prices for just about everything - from food to energy - have gone up in recent months. The company said it is increasing the price because of “expanded Prime membership benefits,” such as added Prime Video content and expanded free same-day shipping, as well to compensate for the rising costs of labor and transportation in its distribution network.

The price of a monthly subscription will also increase from $12.99 to $14.99. CNBC reported, “Amazon is laying off roughly 100 employees across its video games division, an executive overseeing the unit wrote in a memo to staffers on Tuesday.Amazon is raising the price of its annual Prime subscriptions from $119 to $139 per year in the United States, the company announced along with its earnings report Thursday. There were also reports on Tuesday of other casualties of Amazon’s cost-cutting. Last month, we reported Amazon was closing on April 10th, one of the oldest and most respected online-content sites on the Internet. In the letter, Jassy announced significant layoffs at Amazon, citing an “uncertain economy” and Amazon’s rapid hiring over the last several years. The Guardian said former Amazon employees founded the Book Depository in 2004, which was acquired by Amazon in 2011.Īn Amazon spokesman confirmed to the Irish Times its decision to close the Book Depository and pointed to a letter Amazon CEO Andy Jassy had sent to staff earlier this year. Amazon will close UK online bookseller the Book Depository at the end of April, according to the Guardian, which cited a report in trade magazine the Bookseller (whose articles are behind a paywall).

Amazon price