April 1 (Reuters) - Amazon is in talks to acquire satellite telecommunications group Globalstar, the Financial Times reported on Wednesday, citing people familiar with the matter. Globalstar's shares rose 24% to $85 in extended trading.

A deal with Globalstar could bolster Amazon Leo, the company's nascent internet-from-space service, which has about 200 satellites in orbit.

Ethan Evans, a former Amazon vice president, says "pushy" employees are more likely to be promoted or spared in layoffs.

Apple invested $1.5bn in Globalstar in 2024, taking a 20 per cent stake in the company. As part of the agreement, Globalstar agreed to reserve 85 per cent of its network capacity for the iPhone maker for satellite-based texting when outside cellular tower coverage.

An online informational session on Amazon’s data center in Hobart covered topics from site design to jobs and economic development.

Layoffs have hit over a dozen companies in 2026, including Meta, Amazon, and Oracle. AI and economic conditions are reshaping the business landscape.

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