Amazon said Wednesday it plans to shut down AmazonSmile, its charity donation program, by next month, as the company looks for ways to cuts costs.
The program, launched in 2013, doled out a percentage of shoppers’ purchases to eligible charities, donating more than $377 million globally since its inception, Amazon said. Amazon now plans to close the program AmazonSmile by Feb. 20, the company said in a company blog post.
“After almost a decade, the program has not grown to create the impact that we had originally hoped,” the company said. “With so many eligible organizations — more than 1 million globally — our ability to have an impact was often spread too thin.”
Amazon went on to say it will continue to invest in areas where it can “make meaningful change,” assisting communities impacted by natural disasters, building affordable housing and providing access to computer science education for students in underserved communities.
The announcement is the latest sign of distress for Amazon, which over the past three years went through a huge growth spurt followed by a slowdown in revenue and a loss of $1 trillion in market value. To stem the losses, Amazon announced a workforce reduction in November that will .
In the past few months, Amazon CEO Andy Jassy halted testing on Amazon Scout, the company’s robotic home-delivery initiative. He’s also shuttered the Amazon Care telehealth and nursing service, as well as Fabric.com, a longtime online fabric retailer.