Skip to main content
BusinessLatest News

Among other cost-cutting measures, Amazon eliminates its charity program

By 01/20/2023 12:52 PMNo CommentsBy YidInfo Staff

In its most recent cost-cutting measure, Amazon is terminating a charitable giving program that it conducted for ten years.

The firm announced in a blog post on Wednesday that AmazonSmile will be discontinued by February 20 because it has “not grown to generate the effect” the shop had planned.

Through the program, Amazon could contribute a small portion of qualifying purchases to a charity of customers’ choosing.

The business said that because there were so many qualifying organizations—more than 1 million worldwide—”our ability to have an influence was frequently stretched too thin.”

The decision was made at the same time that the Seattle-based company is trying to save expenses by firing employees and closing down several divisions of its operations.

Other internet firms are also laying off employees after boosting up hiring over the past two years as the pandemic made people more dependent on the tech industry.

These firms include Facebook’s parent company, Meta and Salesforce.

Around 18,000 employees will be affected by the layoffs at Amazon, according to CEO Andy Jassy’s statement from earlier this month.

According to Jassy, the company’s retail division and PXT organizations, which manage personnel resources and other activities, will be most affected by the job layoffs.

Since November, other teams at the business, including the Alexa division, have also experienced layoffs.

According to the business, a “one-time donation equivalent” to three months’ worth of what they made through the program last year will be given to charities that have participated in the AmazonSmile program.

Additionally, it stated that they would be able to collect more donations until the program’s official closure.

In the blog post, Amazon highlighted that in addition to the housing equity fund, which aims to construct more affordable houses, it would continue to support other humanitarian initiatives.

 

JOIN US ON WHAT'SAPP, TO GET INSTANT STATUS UPDATES AND BE IN THE KNOW.

CLICK HERE
By providing your phone number, you will receive text message updates from Yid-Info. You can opt out at any time by responding STOP.

bobby bracros

Author bobby bracros

More posts by bobby bracros

Leave a Reply