News Formal

Amazon's charity program, 'AmazonSmile,' to end amid company's cost-cutting moves

  • 📰 ABC7Chicago
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Amazon is ending a charity donation program it ran for a decade in its latest cost-cutting move.

In a blog post on Wednesday, the company said the program, called AmazonSmile, will shut down by February 20 because it had "not grown to create the impact" the retailer had hoped.

"With so many eligible organizations-more than 1 million globally-our ability to have an impact was often spread too thin," the company said. Amazon CEO Andy Jassy said earlier this month the layoffs at his company will impact about 18,000 employees. Jassy said the job cuts will mostly affect the company's retail division and its PXT organizations, which handle human resources and other functions. Other teams, including the company's Alexa division, have also faced layoffs since November.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 284. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Amazon's charity program, 'AmazonSmile,' to end amid company's cost-cutting movesIn a blog post on Wednesday, the company said the program, called AmazonSmile, will shut down by February 20 because it had 'not grown to create the impact' the retailer had hoped. And why taxes on corporations like Amazon should be a thing. They can cancel their altruism at any time. ReplyGPT Bummer.
Source: abc7newsbayarea - 🏆 529. / 51 Read more »