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
A record 131 economies around the globe reformed business regulation in 2008/09, according to the IFC–World Bank Doing Business 2010 report.
more »
The World Bank’s Board of Directors today approved a US$5 million grant to improve the quality of electricity services in Haiti and strengthen the financial and operational performance of Electricité d’Haïti, the public electricity utility.
more »
Firuza Ziyoeva, a 42-year old mother of five, lacks any sustainable income for her family – her husband is unable to work due to disabilities and their children are all young.
more »
The Managing Director of the International Monetary Fund (IMF), Mr. Dominique Strauss-Kahn, made the following statement today regarding Singapore’s commitment to increase fourfold its contribution to the Fund’s New Arrangements to Borrow (NAB) by US$1.5 billion, to a total of US$2 billion.
more »
Statistics Lithuania reports that, based on non-final data obtained from customs declarations and Intrastat reporting data, exports in I half-year 2009 made LTL 19 billion, while imports – LTL 21.2 billion.
more »
Since 7 September 2009 AB Bank SNORAS for residents and economy subjects begins to distribute a new savings product - certificates of deposits.
more »
“We are 53 diverse countries differently affected by the crisis, 1 billion people that cannot be ignored”. That was the stark message to Members of Parliament's Development Committee from Donald Kaberuka, the head of Africa's Development Bank at a hearing on 3 September in Brussels.
more »
The European Investment Bank has granted a EUR 450 million loan to AENA (Aeropuertos Españoles y Navegación Aérea) for upgrading and expanding Spain’s air traffic control facilities in order to optimise their overall efficiency and ensure that they comply with international regulations.
more »
Statistics Lithuania informs that in August 2009, against July, prices for total industrial production sold increased by 0.9 per cent.
more »
Despite signs the near two-year U.S. recession may be over - Americans are still finding it hard to get a job.
more »