Amazon.com said Friday that it laid off 150 workers (2 percent of its workforce)--the largest employment cutbacks ever announced by the Internet pioneer.
Published:
5 February 2000 y., Saturday
The cutbacks--at a high- flying company whose founder, Jeff Bezos, only recently was named Time magazine_s "person of the year"--came as a surprise. They will be across the board, but mainly at Amazon_s Seattle headquarters, the company said. Amazon_s
stock fell sharply in trading Friday, down as much as 10 percent. "We regularly review the mission of the company and make sure we have the right skills to carry out the jobs," spokesman Bill Curry said. Curry said the cutbacks stem from an "ongoing process" of reviewing the Internet retailer_s organizational structure. He would not confirm or deny whether more layoffs are imminent. The layoffs come just five days before Amazon will report fourth-quarter earnings. The results will be closely watched by Wall Street. Many analysts, for example, will be watching to see whether Amazon turned a profit in its U.S. book business for the latest quarter, as promised.
Šaltinis:
Amazon.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
An International Monetary Fund mission led by Mr. Paulo Drummond visited Bissau during January 12-27, 2010, to discuss the government’s medium-term economic program that could be supported by the IMF under the Extended Credit Facility.
more »
The International Monetary Fund (IMF) and the World Bank's International Development Association (IDA) have agreed to support US$1.9 billion in debt relief for the Republic of Congo, which includes US$255.2 million of debt relief from the two institutions.
more »
In 2009, net external assets of Monetary Financial Institutions remained negative but increased by LTL 9.3 billion.
more »
Spain's Minister for Science and Innovation, Cristina Garmendia, supports making R&D+i at the heart of Europe as a key to economic recovery.
more »
Lithuania and Malta granted reprieve on budget deficits; Hungary and Latvia on track to meet deadlines.
more »
More responsibility for fishermen, rules favouring good fishing practice and adjusting fisheries management models to complement and improve the traditional quota system should be among the key aims of common fisheries policy reform, say MEPs in an own-initiative report approved by the Fisheries Committee on Wednesday.
more »
On January 8, 2010, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Yemen.
more »
On January 22, 2010, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Norway.
more »
Agriculture can help to slow climate change, but should be ready to adapt to the impact of global warming, said Agriculture Committee MEPs and scientists at a public hearing on Wednesday.
more »
The Ministers for Employment of the European Union are holding an informal council on Thursday 28 and Friday 29 January which will lay the foundations for drawing up the common policies in the area of employment which the European Union will adopt over the next ten years as part of the “2020 Strategy”.
more »