.Amazon to close AmazonSmile charity platform as cost-cutting effort
The retail giant announced on Thursday that it was closing AmazonSmile. The service allowed users to donate a small percentage of their purchases on the platform to several preselected charities. The product will cease operations on Feb. 20, 2023.
AmazonSmile"has not grown to create the impact that we had originally hoped," the company wrote in a press release."With so many eligible organizations — more than 1 million globally — our ability to have an impact was often spread too thin."Amazon promised to refocus its efforts on other philanthropic programs, including its Housing Equity Fund, its engineering education program, and its community giving.
Amazon stock has been on a downward trend. By late fall, it had suffered a loss of $1 trillion in market capitalization from its all-time highs in 2021. The company is reconsidering several of its investments, including by cutting more than 18,000 jobs over several months. The company also closed its Amazon Care telehealth service and ended its plans to build 42 additional facilities.Amazon is not the only company making cuts. Several tech companies are slimming down.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Amazon is shutting down the AmazonSmile charity program in February | EngadgetThe e-commerce giant said 'the program has not grown to create the impact that [it] had originally hoped' almost a decade after it was launched..
Leer más »
Amazon is closing its AmazonSmile charity platformThe service has raised over $377 million since it launched in 2013
Leer más »
Amazon Axes AmazonSmile Charity Program Amidst Massive LayoffsAmazonSmile, which launched in 2013, made donations to charity when users shopped using its subdomain.
Leer más »
This Top-Rated Electric Toothbrush Is On Sale for Less Than on AmazonThis top-rated electric toothbrush is on sale for less than on Amazon!
Leer más »
Amazon begins cutting 18,000 workers in its biggest layoffs everAndy Jassy announced that Amazon employees impacted by its largest layoff in history will start to get notified Wednesday. The company plans to lay off just over 18,000 people.
Leer más »
Amazon may have more robot employees than humans in the futureAn interesting graphic posted on Twitter seems to indicate that the trend for new robots is outstripping human workers.
Leer más »