10th Indian Delegation to Dubai, Gitex & Expand North Star – World’s Largest Startup Investor Connect
All News

Amazon Launches First Test Satellites for Internet Network, Aiming to Rival SpaceX

Amazon, in its quest to establish a competitive broadband network, successfully launched its first test satellites via United Launch Alliance’s (ULA) Atlas V rocket on Friday. This marks the initial step in a comprehensive program aimed at enhancing global internet coverage with a constellation of 3,236 satellites orbiting Earth.

Amazon’s ambitious plan targets the commencement of internet services by the close of next year, entering into competition with SpaceX’s Starlink broadband network. While SpaceX, founded by Elon Musk, has a substantial lead in this space, Jeff Bezos’ Amazon, equipped with its rocket company, Blue Origin, is determined to challenge the status quo.

SpaceX initiated its Starlink program by launching test satellites in 2018, followed by the deployment of the first operational satellites in 2019. Since then, SpaceX has conducted over 5,000 Starlink launches, utilizing its own Falcon rockets from launch facilities in Florida and California.

Notably, Europe’s Eutelsat OneWeb is also actively deploying internet satellites and currently has around 600 in orbit.

Originally, Amazon intended to launch its satellites on ULA’s debut Vulcan rocket. However, due to technical issues delaying the Vulcan’s launch until at least the end of this year, Amazon opted for the well-established Atlas V rocket for this mission.

Under the licensing agreement with the Federal Communications Commission (FCC), Amazon is obliged to have at least half of its planned satellites in operation by 2026, with the entire constellation set to be operational by 2029. Amazon has secured a total of 77 launches from ULA, Blue Origin, and Europe’s Arianespace to facilitate this ambitious initiative.

by Sameera

October 15, 2025 — In a major workforce overhaul, Amazon is reportedly set to lay off up to 15% of its human resources (HR) staff as part of an AI-driven restructuring strategy. The move, which could affect thousands of employees globally, marks another significant phase in Amazon’s automation journey as it seeks to reshape how corporate functions operate in the age of artificial intelligence. Amazon’s AI Transformation Hits HR Division According to reports from NDTV, Fortune, and The Times of India, Amazon’s latest wave of layoffs targets its People Experience and Technology (PXT) division — essentially the HR backbone of the company. The layoffs are part of a broader plan to integrate AI and automation tools that streamline workforce management, recruitment, and internal operations. Sources familiar with the matter revealed that Amazon’s CEO Andy Jassy had previously hinted at the company’s intention to leverage artificial intelligence to reduce its total corporate workforce. The 2025 layoffs appear to be the most visible execution of that promise. “AI is enabling us to simplify and automate many HR processes, allowing teams to focus on more strategic areas,” said an Amazon spokesperson in an internal memo cited by Fortune. Broader Implications Beyond HR While the initial job cuts are concentrated in HR, analysts suggest that the AI restructuring could soon extend to other departments, including operations, logistics, and cloud services. The restructuring aligns with Amazon’s ongoing push to improve operational efficiency and profitability amid rising costs in logistics and global e-commerce. Industry insiders indicate that Amazon layoffs 2025 could be one of the largest HR restructurings in the company’s history, following previous workforce reductions in 2022 and 2023 when over 27,000 corporate roles were eliminated across tech and retail units. The Role of AI in Amazon’s Future The Amazon layoffs 2025 reflect the growing trend among global corporations to adopt AI-driven systems that can handle administrative and analytical tasks previously managed by humans. Amazon’s internal AI systems, already used for customer service and warehouse automation, are now being integrated into talent management platforms to automate recruitment, training, and employee engagement. This shift is expected to cut costs, reduce redundancies, and speed up HR operations, but it also raises concerns about job displacement and the ethical use of AI in managing human resources. Global Tech Sector Under Pressure Amazon’s restructuring comes amid a broader trend of tech sector layoffs in 2025, with companies like Google, Meta, and Microsoft also reducing headcounts in non-core departments as they deploy generative AI tools. Experts say that Amazon’s HR layoffs underscore a “pivotal shift” in how tech giants approach talent management in the post-AI era. “We’re witnessing the next evolution of corporate restructuring — where AI doesn’t just assist employees but begins to replace entire layers of management and administration,” said Dan Ives, tech analyst at Wedbush Securities. Market and Employee Reactions Following the news, Amazon’s stock saw a 1.8% rise in after-hours trading, as investors welcomed the company’s continued focus on profitability and cost control. However, internal morale …

by Sameera

Binance Responds to User Complaints Global crypto exchange Binance has announced that it will increase compensation for customers who were liquidated during the recent crypto market selloff. The move follows widespread criticism after thousands of traders suffered sudden losses due to extreme volatility earlier this month. According to internal reports, Binance will refund part of the unrealized losses to affected users through its User Protection Fund, which currently holds over $1.2 billion in reserves. The compensation applies mainly to futures traders whose positions were automatically liquidated during rapid price swings in Bitcoin and other major tokens. Bitcoin’s Price Plunge Sparks Liquidations The crypto market experienced one of its sharpest downturns in 2025, with Bitcoin (BTC) falling below $50,000 for the first time in eight months. This triggered billions in forced liquidations across major exchanges, including Binance, OKX, and Bybit. Analysts suggest that a combination of high leverage, macroeconomic uncertainty, and institutional selloffs contributed to the crash. Binance faced particular backlash for what users described as “slippage and server delays” during the event. Binance Enhances Transparency In response, Binance’s management pledged to improve system transparency and risk management mechanisms. The exchange stated it is reviewing its liquidation protocols to ensure fairer treatment of users during periods of extreme volatility. A spokesperson confirmed that Binance would also begin publishing weekly protection fund audits to reassure investors. Why It Matters for Investors Looking to Buy Bitcoin The compensation announcement comes at a crucial time for retail traders considering whether to buy Bitcoin on Binance amid renewed volatility. Analysts note that Binance’s proactive stance could restore confidence among users after months of regulatory scrutiny and market turbulence. Crypto strategist Michael Wu from Amber Group commented, “This move reinforces Binance’s commitment to customer protection. It may also attract new users who are hesitant to trade during volatile periods.” Still, experts warn that volatility remains high, and investors should exercise caution before re-entering the market. The Bigger Picture The event underscores the need for stronger investor safeguards as the crypto industry matures. Binance’s decision to compensate affected users sets a potential precedent for other exchanges facing similar backlash. Meanwhile, Bitcoin prices have started to stabilize around $52,300, with cautious optimism returning to the market. Stay ahead with the latest in crypto, startups, and financial technology on StartupNews.FYI — your source for real-time business insights and innovation updates.

by Sameera

Leadership Change at Indonesia’s Flag Carrier Indonesia’s state-owned airline Garuda Indonesia has appointed Glenny Kairupan as its new Chief Executive Officer, according to a government official cited by Reuters. The decision marks another major leadership shift for the national carrier as it continues efforts to stabilize finances and restore operational efficiency after years of restructuring. While the official announcement did not specify the reason for Kairupan’s appointment, it comes at a critical time for Garuda Indonesia, which has been navigating challenges including post-pandemic recovery, debt management, and fleet modernization. A Strategic Appointment Glenny Kairupan, an experienced aviation executive, steps into the role previously held by Irfan Setiaputra, who led the company through one of its most turbulent periods. Under Setiaputra’s leadership, Garuda Indonesia completed a complex court-led debt restructuring worth more than $9 billion, reducing the airline’s liabilities and securing new lease terms for its fleet. Kairupan is expected to continue implementing efficiency strategies while expanding Garuda’s international partnerships and improving profitability. His appointment aligns with the government’s long-term plan to enhance state enterprise governance and ensure transparency across Indonesia’s aviation sector. Challenges Ahead Despite a return to profitability earlier in 2025, Garuda Indonesia still faces significant operational hurdles. Rising fuel prices, global aviation competition, and the need for sustainable modernization remain key issues for the new CEO. The airline is also working on expanding domestic connectivity to boost tourism and regional economic development, a strategic priority under Indonesia’s national infrastructure plan. Industry analysts believe Kairupan’s leadership will be instrumental in balancing financial discipline with growth ambitions. His experience in corporate restructuring and aviation management is seen as critical to guiding Garuda through the next phase of transformation. Government Support and Public Expectations Garuda Indonesia holds symbolic importance as the nation’s flag carrier. The Ministry of State-Owned Enterprises has reiterated its commitment to supporting the airline’s stability while ensuring it remains competitive in the Southeast Asian aviation market. Kairupan’s appointment is viewed as part of a broader strategy to professionalize state-owned enterprise leadership and rebuild public confidence. Outlook With Glenny Kairupan now at the helm, the airline’s immediate focus will likely be on improving operational reliability, expanding profitable routes, and investing in digital transformation to enhance customer experience. As Indonesia’s aviation industry continues to recover, Garuda Indonesia’s success under new leadership will serve as a key indicator of how effectively the country can balance government oversight with corporate agility in a post-pandemic world. For the latest updates on aviation, business, and global leadership trends, visit StartupNews.fyi for comprehensive coverage and analysis.