Amazon is laying off another 9,000 employees

馃審 Amazon layoffs, pt. 2

Plus: The other losers in the Credit Suisse debacle
馃審 Amazon layoffs, pt. 2

Good morning, Quartz readers!


Here鈥檚 what you need to know

Amazon is laying off another 9,000 employees. The cuts will affect the e-commerce giant鈥檚 cloud and advertising businesses, and come after 18,000 workers were laid off earlier this year.

French president Emmanuel Macron narrowly won a no-confidence vote. The vote was spurred by an unpopular pension reform bill raising the French retirement age from 62 to 64.

Starbucks got a new CEO ahead of schedule. We knew Laxman Narasimhan was on deck, but we didn鈥檛 know Howard Schultz would step down two weeks early, leaving a grande legacy in his wake.

Thailand found its radioactive cylinder. But that鈥檚 where the good news ends.


The other losers in the Credit Suisse debacle

When a bank鈥攍et鈥檚 say Credit Suisse鈥攕ells over a weekend to another bank, and that deal is worth only 60% of the first bank鈥檚 value at market close on Friday鈥 you鈥檙e going to have shareholders counting their losses.

Credit Suisse鈥檚 largest shareholder, Saudi National Bank, has had to say good-bye to $1.2 billion. And it鈥檚 not the only one taking stock of its stock after the UBS takeover.

A line chart showing Saudi National Bank's stock from January 2021 to January 2023. There's a big dip after the fall of 2022.
Graphic: Clarisa Diaz

The IPCC tried on a little climate positivity for size

鈥淥ur world needs climate action on all fronts鈥攅verything, everywhere, all at once.鈥

鈥擴N secretary-general Ant贸nio Guterres in a speech yesterday, nodding to the title of the most recent Oscar Best Picture winner, when discussing a new Intergovernmental Panel on Climate Change report that was less doom and gloom than usual.


A surprising consequence of the pandemic

Let me get this straight:

The pandemic made us nice?

That dismal era??

The World Happiness Report found that despite the obvious misery that covid inflicted, it also appears that people treated one another better during the crisis than before. A similar uptick in kindness is playing out in Ukraine right now because of the war, but definitely not in Russia.

And we appreciate your own kindness in humoring our not-great haikus during World Poetry Day.


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Surprising discoveries

Eco-friendly golf courses aren鈥檛 green. Water conservation means a lot of dirt and stones.

Feeding peanut butter to babies can drastically reduce their risk of becoming allergic to it. But the window of opportunity is only between 4 and 6 months old.

Gangs are blowing up ATMs in Germany to get cash. The flagrant cash grab happened nearly 500 times last year.

The Australian Outback has millions of rotting fish. Floods and hot weather led to a major die-off, creating an olfactory disaster as well as a 鈥logistical nightmare.鈥

America鈥檚 digital medical data revolution is thanks to one woman. Judy Faulkner founded Epic鈥攖he maker of MyChart鈥攊n her basement. Now, it handles the health records of 200 million Americans.

馃帶 Listen to 鈥淵our Chart: A body of information,鈥 the latest episode of the Quartz Obsession podcast on: Apple Podcasts | Spotify | Google | Stitcher

馃憖 Or, check out the transcript!


Our best wishes for a productive day. Send any news, comments, creamy peanut butter, and nose plugs to hi@qz.com. Reader support makes Quartz available to all鈥become a member. Today鈥檚 Daily Brief was brought to you by Morgan Haefner and Susan Howson.