In what appears to be Amazon’s attempt to close loss-making businesses, it has now been revealed that the ecommerce giant plans to close its food delivery business by the end of the year.
Amazon announced to its restaurant partners in a communication that it plans to discontinue Amazon Foods on December 29, 2022. “After careful consideration, we have decided to discontinue Amazon Food as of December 29, 2022.” The service will be phased out, and partner restaurants will have access to all Amazon tools and reports until January 31, 2023. This follows a day of mass layoffs at the company and the shutdown of Amazon’s edtech vertical.
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In what appears to be Amazon’s attempt to close loss-making businesses, it has now been revealed that the ecommerce giant plans to close its food delivery business by the end of the year.
Amazon announced to its restaurant partners in a communication that it plans to discontinue Amazon Foods on December 29, 2022. “After careful consideration, we have decided to discontinue Amazon Food as of December 29, 2022.” The service will be phased out, and partner restaurants will have access to all Amazon tools and reports until January 31, 2023. This follows a day of mass layoffs at the company and the shutdown of Amazon’s edtech vertical.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
StartupNews.fyi is a leading global startup and technology media platform known for its end-to-end coverage of the startup ecosystem across India and key international markets. Launched with the vision of becoming a single gateway for founders, investors, and ecosystem enablers, StartupNews.fyi has grown steadily over the years by publishing tens of thousands of verified news stories, insights, and ecosystem updates, reaching millions of startup enthusiasts every month through its digital platforms and communities.
