In today's ExchangeWire news digest: the EU threatens Twitter with a significant fine over its lack of compliance with online legislation; Amazon’s hardware teams are the first to be hit as the tech giant downsize; and Foodpanda partners with Huawei.
Twitter threatened with fine or ban by EU
The European Commission has warned Twitter that it must “significantly increase” its attempts to comply with online legislation or face potential fine or ban.
The company’s new CEO, Elon Musk, was told he had “huge work ahead” to bring Twitter in line with the EU’s Digital Services Act. The legislation obliges tech firms to moderate content posted to their platforms, including abusive posts or disinformation.
Amazon to slash hardware team as “role eliminations” begin
Following Amazon’s decision to enact around 10,000 “role eliminations”, the company’s hardware teams are set to be amongst the first to experience cutbacks. According to the Financial Times, teams working on Amazon’s Halo health tracker, Alexa, and Kindle have been informed that they will be impacted by redundancies later in December.
An employee on the Kindle team said, “It’s not surprising that that’s where they decided to start. What isn’t clear to any of us is if it ends there.”
Foodpanda partners with Huawei to launch on mobile devices
Food delivery company Foodpanda has teamed up with Huawei in a partnership which will launch the company’s app on the Huawei AppGallery.
Foodpanda’s app will also be pre-installed on millions of Huawei mobile devices, and Huawei will run a number of integrated advertising campaigns on Panda Ads, Foodpanda’s ad tech platform.
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Fact of the Day
1,200 - the number of Twitter employees who reportedly quit in November