• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

Amazon to shut down speedy brick-and-mortar delivery service

by October 23, 2024
written by October 23, 2024

Amazon is shutting down a service that offers same-day delivery from mall and brick-and-mortar retailers, CNBC has learned.

The company has stopped any new development of the service, called Amazon Today, and will begin to wind it down, according to two people with knowledge of the matter. The people asked not to be named because they were not authorized to speak to the press.

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 Today through Jan. 24, 2025, Amazon told CNBC.

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 Today 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 Today, the people said.

The closure of Amazon Today is the latest example of the company’s broader cost-cutting efforts.

Since 2022, Amazon CEO Andy Jassy has been on a campaign to cut costs across the company in order to meet rapidly changing macro conditions. Beginning in 2022 and extending through 2024, Amazon initiated the largest layoffs in its history, cutting more than 27,000 jobs. Jassy has taken a harder line on the company’s unproven, costlier bets than his predecessor, Amazon founder Jeff Bezos. Jassy has axed several projects, including a telehealth service, video-calling device for kids and a roving Treasure Truck.

Launched in 2022, Amazon Today allows retailers who sell on Amazon to offer speedy delivery from their brick-and-mortar stores and shopping malls in select cities. Amazon’s contracted Flex drivers, which make deliveries using their own vehicles, fetch the packages and drop them at customers’ doorsteps within hours of when the orders were placed.

Amazon Today was part of the company’s push to get online purchases to shoppers’ doorsteps at faster speeds. Amazon continues to add more facilities focused on same-day deliveries in a bid to boost sales and compete with other companies that provide ultrafast delivery. That includes Instacart and DoorDash, which have expanded beyond food and groceries and into retail.

The company had signed up several retailers to Amazon Today, according to the program’s website. That list included Office Depot; Staples; Petco; PacSun; vitamin and dietary supplement chain GNC; and Fabletics, the athletic-wear brand owned by actress Kate Hudson.

Amazon is working with the retailers it signed up for the service to ensure a smooth transition for them, the company said. Amazon added that it continues to prioritize and invest in fast delivery.

The decision to shutter Amazon Today comes as a surprise since Amazon was in the process of onboarding other retailers, one of the people said. The company was also pitching the service to more retailers at a conference last week.

The service skewed more costly than traditional delivery routes where Flex drivers can fill their cars up with packages from an Amazon warehouse, one of the people said. Amazon Today routes, which the company calls “retail deliveries,” did not usually fill up a driver’s trunk, making the program less worthwhile for the Flex contractors.

This post appeared first on NBC NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
New Boeing CEO to give clues about company’s future, while striking workers vote on new contract
next post
UK Labour Party staffers campaigning for Harris are volunteers, PM says, rejecting Trump interference claim

related articles

Nvidia results spark global chip rally

May 30, 2025

Boeing to resume airplane deliveries to China next...

May 29, 2025

E.l.f. Beauty to acquire Hailey Bieber skin care...

May 29, 2025

Dick’s Sporting Goods stands by full-year guidance —...

May 28, 2025

Macy’s CEO says retailer will hike some prices...

May 28, 2025

23andMe to delist from Nasdaq, deregister with SEC

May 28, 2025

Walmart fined for shipping realistic toy guns to...

May 28, 2025

Why Trump’s iPhone tariff threat might not be...

May 25, 2025

Trump clears Nippon merger with U.S. Steel

May 24, 2025

United Airlines reaches ‘industry-leading’ labor deal with flight...

May 24, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Google forcing some remote workers to come back 3 days a week or lose their jobs

    April 24, 2025
  • What to expect as Republicans try to salvage spending package, avoid government shutdown

    December 19, 2024
  • Data center boom in world’s largest market isn’t slowing down, Dominion Energy says

    May 2, 2025
  • Kirby ‘confident’ Americans in Gaza will be freed Sunday amid reports of Israel, Hamas deal holdup

    January 16, 2025
  • Mike Johnson re-elected House speaker as GOP mutiny threat dissolves

    January 3, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,723)
  • Investing (624)
  • Stock (773)

Latest Posts

  • Trump’s ‘two sexes’ executive order comes on heels of SCOTUS accepting another challenge to LGBT agenda

    January 25, 2025
  • Harris proposes major corporate tax hike, reversing Trump era cuts

    August 19, 2024
  • Early voting means ‘election season’ has already kicked off

    September 6, 2024

Recent Posts

  • Tim Walz wouldn’t call for TikTok ban on government devices even though over 75% of other states did

    September 25, 2024
  • VP-elect JD Vance to hold meetings between Gaetz, Hegseth and ‘key’ GOP senators

    November 20, 2024
  • Harris leads Trump by 4 nationally as both candidates narrow gender gap, poll finds

    November 4, 2024

Editor’s Pick

  • Mast demands VA fire staffers over Vance, Walz medical record breach, FBI probe possible foreign interference

    October 1, 2024
  • Judge says he must still approve sale of Infowars to The Onion

    November 26, 2024
  • Harris formally concedes one day after Trump’s sweeping victory

    November 7, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock