Amazon said it would shut down its charitable-donation program AmazonSmile next month, saying the program was spread too thin to have the impact the company had originally hoped
As interest rates rise and companies tighten their belts, white-collar workers have taken the brunt of layoffs and job cuts, breaking with the usual pattern leading into a downturn. WSJ explains why many professionals are getting the pink slip first. Illustration: Adele MorganAmazon . com Inc. said it would shut down its charitable-donation program AmazonSmile next month, saying the program was spread too thin to have the impact the company had originally hoped.
Through AmazonSmile, the company donates 0.5% of eligible purchases to charitable organizations of a customer’s choosing. Amazon launched the program in 2013, the company said, and plans to shut it down by Feb. 20.
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