Amazon to Cut 1,300 Workers

Share this article:
Amazon.com yesterday said it will cut 1,300 jobs and close a distribution center in McDonough, GA, and a call center near its headquarters in Seattle.


A company statement didn't explain the restructuring, but it did acknowledge that the move would cost Amazon approximately $150 million.


Amazon also announced earnings results from the 4th quarter. The company's net loss was $90.4 million, or 25 cents a share, compared with $184.9 million, or 55 cents, a year earlier.


The company also had quarterly revenues of $972 million, which beat Amazon's recent estimate of $960 million, and was up from $676 million a year earlier.
Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Digital Marketing

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Digital Marketing

Epsilon Rebrands as End-to-End Marketing Solution

Epsilon Rebrands as End-to-End Marketing Solution

The goal is to flame the perception that technology and creativity live under one roof at the company, says President Andy Frawley.

Mobile Spend Vaults 76 Percent in First Half, IAB Reports

Mobile Spend Vaults 76 Percent in First Half, ...

Overall Internet ad revenues escalate by 15% to $23 billion, also fueled by increased activity in social media and video.

Top 20 Percent Is Twice as Good at Converting as the Rest

Top 20 Percent Is Twice as Good at ...

There are five reasons elite marketers trounce the competition: testing, targeting, spending, mobilizing, and democratizing.