Amazon said Wednesday it plans to shut down AmazonSmile, the company’s charitable giving program, by next month.
Launched in 2013, the program donates a portion of shopper purchases to eligible charities and has donated more than $377 million worldwide since its launch, Amazon says. , plans to end the Amazon Smile program by February 20, the company said in a blog post.
“Almost 10 years later, the program has not grown to produce the impact it had initially hoped,” the company said. “With so many eligible organizations worldwide, he said, over a million, our ability to influence was often spread too thinly.”
Amazon is committed to making “meaningful changes,” including helping communities affected by natural disasters, building affordable housing, and providing access to computer science education to students in underserved communities. He said that he will continue to invest in areas that can bring about
The announcement is the latest sign of woes for Amazon, which has experienced slowing revenues and a $1 trillion loss in market value after booming growth over the past three years. To stem losses, Amazon announced job cuts in his November. Over 18,000 job cuts.
In the past few months, Amazon CEO Andy Jassy has stopped testing Amazon Scout. This is the company’s robotic home delivery initiative. He also closed his Amazon Care telemedicine and nursing services and his longtime online fabric retailer, Fabric.com.