Bookseller Amazon.com is to cut over 1,300 jobs to improve
profitability.
The Internet company claims that no jobs will be lost in the
UK. The company lost £60m last year, despite record sales during the last
quarter of 2000.
“While the strength of consumer spending remains uncertain,
and there are no guarantees, we expect Amazon.com as a whole to be reach
profitability in the fourth quarter of this year,” said Warren Jenson,
Amazon.com’s chief financial officer.
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By Paul Nelson
