Here’s what happened in the retail technology space during September — Retail Technology Innovation Hub

Customer engagement platform company Twilio said it was laying off 11% of its workforce — between 800 and 900 people out of its more than 7,800 employees — as it faced the perils of rapid growth.

In a message to employees, CEO Jeff Lawson said, “Over the years we’ve made many changes to the way Twilio works and is organized, but none more difficult than what I’m sharing today.”

“I’m not going to sugarcoat things. Firing is the last thing we want to do, but I think it’s wise and necessary. Twilio has grown at an amazing rate over the past few years.”

“It was too fast and without enough focus on our key business priorities. I take responsibility for those decisions and for the difficult decision to make this dismissal.”

Also Read :  RTIH brings you the retail technology week in numbers — Retail Technology Innovation Hub

Also this month…

Amazon Fresh has launched a price cut campaign in the UK.

Its 19 technology-powered stores, powered by Just Walk Out, have reduced the prices of over 200 products.

Amazon said this is to “help customers save on their household items as the cost of living crisis puts further pressure on household expenses.”

In August, Amazon slowed the expansion of its checkout-free convenience stores in the UK as sales fell short of expectations and setup costs were several times higher than a standard location.

Also Read :  Consumer champions and finance bodies press for action on online fraud

According to a Sunday Times report, the US giant has dropped talks on dozens of Amazon Fresh store sites and stopped looking for more locations.

There will be a handful more openings this year in locations where Amazon has already committed to a lease.

Walmart introduces two new immersive experiences on the Roblox Metaverse platform: Walmart Land and Walmart’s Universe of Play.

The former will bring fashion, style, beauty and entertainment items to the Roblox community of over 52 million daily users.

The latter, meanwhile, is being touted as “the ultimate virtual toy destination in Roblox, just in time for those oh-so-real vacation wish lists.”

Also Read :  Tech innovations underpin new game-changing farm training program

Developed with Journey, who helped develop it, and the Power of One Agency of Publicis Groupe, Walmart’s leading creative and media agency, the experiences offer Roblox users the opportunity to “connect with all the top items that anyone wants from Walmart.” , engage and interact with them – in a virtual way”. .

Amazon announced Prime Early Access Sale, a new two-day global shopping event exclusively for Prime members.

This begins on October 11th at 12pm PDT and runs through October 12th in 15 countries: Austria, Canada, China, France, Germany, Italy, Luxembourg, Netherlands, Poland, Portugal, Spain, Sweden, Turkey, United Kingdom and the United Kingdom UNITED STATES.

Leave a Reply

Your email address will not be published.