Amazon to shut down speedy brick-and-mortar delivery service [MSNBC.com]
Maplebear Inc. (CART)
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Source: MSNBC.com
AmazonThe company has stopped any new development of the service, calledAmazon ,The bulk of the program will be shut down by Dec. 2, the people said. Select retail partners will be able to continue fulfilling orders with Amazon through Jan. 24, 2025, Amazon told .A small amount of employees will be laid off and provided with severance, while others will be transitioned to other positions within Amazon, the company said.Employees who work on Amazon learned the news in a meeting on Monday, where some staffers were informed they would be laid off, the people said. Roughly 300 employees were working on Amazon , the people said.The closure of Amazon is the latest example of the company’s broader cost-cutting efforts.Since 2022, Amazon CEO Andy Jassyhas been on a campaign to cut costsa telehealth servicevideo-calling device for kidsa roving Treasure TruckLaunchedin 2022contracted Flex driversAmazon was part of the company’s push to get online purchases to shoppers’ doorsteps at faster s
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CART
Earnings
- 8/6/24 - Beat
CART
Sec Filings
- 10/22/24 - Form 4
- 10/21/24 - Form 144
- 10/21/24 - Form 144
- CART's page on the SEC website