![]() In one year alone, our investments have been able to increase the affordable housing stock in communities like Bellevue, Washington and Arlington, Virginia by at least 20%. These units will host more than 18,000 moderate- to low-income families, many of them with children. In just two years, we’ve provided funding to create more than 14,000 affordable homes-and we expect to build at least 6,000 more in the coming months. Housing Equity Fund: We’re investing $2 billion to build and preserve affordable housing in our hometown communities.Once AmazonSmile closes, charities will still be able to seek support from Amazon customers by creating their own wish lists.Īs a company, we will continue supporting a wide range of other programs that help thousands of charities and communities across the U.S. To help charities that have been a part of the AmazonSmile program with this transition, we will be providing them with a one-time donation equivalent to three months of what they earned in 2022 through the program, and they will also be able to accrue additional donations until the program officially closes in February. ![]() We will continue to pursue and invest in other areas where we’ve seen we can make meaningful change-from building affordable housing to providing access to computer science education for students in underserved communities to using our logistics infrastructure and technology to assist broad communities impacted by natural disasters. We are writing to let you know that we plan to wind down AmazonSmile by February 20, 2023. ![]() With so many eligible organizations-more than 1 million globally-our ability to have an impact was often spread too thin. However, after almost a decade, the program has not grown to create the impact that we had originally hoped. In 2013, we launched AmazonSmile to make it easier for customers to support their favorite charities. CNN Sans ™ & © 2016 Cable News Network.Today we started sending the below email to AmazonSmile customers, and we want to share it here, too: Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account Jassy, in his memo, said Amazon’s executives recently met to determine how to slim down the company and prioritize “what matters most to customers and the long-term health of our businesses.” Now, many of these seemingly untouchable tech companies are experiencing whiplash and laying off thousands of workers as consumers return to pre-pandemic habits and macroeconomic conditions deteriorate. Several teams were affected, including the human resources department and Amazon Stores, according to a memo from CEO Andy Jassy shared with employees earlier this month.Īmazon and other tech firms significantly ramped up hiring over the past couple of years as the pandemic shifted consumers’ habits toward e-commerce. ![]() Amazon said it will continue to “pursue and invest in other areas where we’ve seen we can make meaningful change,” including charities that help with natural disaster relief and affordable housing.Īmazon recently announced it would lay off roughly 18,000 employees. The company isn’t completely shying away from donations, however. Maja Hitij/Getty ImagesĪmazon will lay off more than 18,000 workers ![]() A worker pushes a cart laden with ordered items among shelves at an Amazon warehouse on Novemin Brieselang, Germany. ![]()
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