Amazon axes charity program as it moves to slash costs

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Amazon axes charity program as it moves to slash costs
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In a blog post on Wednesday, the company said the program, called AmazonSmile, will shut down by February 20 because it had 'not grown to create the impact' the retailer had hoped.

Amazon is ending a charity donation program it ran for a decade in its latest cost-cutting move.on Wednesday, the company said the program, called AmazonSmile, will shut down by February 20 because it had"not grown to create the impact" the retailer had hoped.

The decision also comes as the Seattle-based company is laying off workers and axing different areas of its business in an effort to trim costs. Other tech companies, such as Facebook parent Meta and Salesforce, are also letting workers go after ramping up hiring over the past couple of years, when the pandemic made consumers increasingly reliant on the tech sector.

Amazon noted in the blog post it will also continue supporting other charitable programs, such as its housing equity fund that aims to build more affordable homes.

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