• 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

YouTube to pay $24 million to settle Trump...

October 1, 2025

Charlie Javice sentenced to 7 years in prison...

October 1, 2025

Video game maker Electronic Arts to be acquired...

October 1, 2025

Nearly 200,000 BMWs recalled over potential fire risk

September 30, 2025

Trump says U.S. will impose new tariffs on...

September 29, 2025

Former Fed chairs warn that removing Lisa Cook...

September 27, 2025

Amazon to pay $2.5 billion to settle FTC...

September 27, 2025

The charm of watching movies in theaters is...

September 25, 2025

Ben & Jerry’s co-founder resigns, claiming parent company...

September 18, 2025

LimeWire acquires Fyre Festival, asking ‘What Could Possibly...

September 17, 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

  • Skechers to be acquired by 3G Capital in take-private deal, shares soar 25%

    May 6, 2025
  • Republican Kevin Hern profits from UNH stock while overseeing Medicare policy

    July 18, 2024
  • Labor groups begin to unite behind Harris’ campaign — but some holdouts remain

    July 24, 2024
  • Melania Trump wears navy coat and hat for Inauguration Day church visit

    January 20, 2025
  • White House rips House Dems trying to hijack Trump’s Gulf of America plans

    May 5, 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

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

    July 19, 2024
  • 3

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

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

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

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,261)
  • Investing (634)
  • Stock (935)

Latest Posts

  • Target rolls back DEI initiatives, the latest big company to retreat

    January 25, 2025
  • Department of Justice freezes all civil rights division cases: report

    January 23, 2025
  • DOGE slashes millions more in ‘nonsense’ contracts across several federal agencies

    February 12, 2025

Recent Posts

  • Elon Musk’s X sues advertisers over alleged ‘massive advertiser boycott’ after Twitter takeover

    August 6, 2024
  • Trump and Harris poll in dead heat in NBC News survey as Election Day approaches

    October 14, 2024
  • GOP outperformed Dems on voter registration in key battleground states, new analysis reveals

    May 21, 2025

Editor’s Pick

  • Trump could sell Nancy Pelosi Federal Building ‘at fair market value’ under new GOP bill

    March 6, 2025
  • Bipartisan letter warns Gabbard new UK order for backdoor Apple data could jeopardize Americans

    February 13, 2025
  • Massive Russia sanctions package stalls as Trump pushes for Ukraine peace talks

    June 4, 2025
  • 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