Amazon to shut down 260 jobs

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Amazon to shut down 260 jobs

Amazon stated that department of baby products and healthcare to shut down from the  subsidiary Quidsi which has been purchased over the amount of Rs 3500 crore in the year 2011 and was laying about 260 employees in that process. Company has been cited lack of profitability as the reason which was behind the shutdown. Quidsi Co-founder of Marc Lore’s other venture Jet.com are been sold to Amazon rival Walmart in the last year. 

 

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