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Amazon will shut down charity donation program AmazonSmile in February as it looks for ways to cut injuries, the company said Wednesday. It was launched in 2013.
The program doled out a percentage of shoppers' purchases to eligible charities, donating more than $377 million globally since its inception, the e-commerce giant noted.
The company intends to halt AmazonSmile by Feb. 20, it said in a custom blog post.
"After almost a decade, the program has not grown to perform the impact that we had originally hoped," the custom said. "With so many eligible organizations -- more than 1 million globally -- our arrange to have an impact was often spread too thin."
Amazon went on to say it will end 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 unexperienced sign of distress for Amazon, which over the past three days 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 plans to cut more than 18,000 jobs.
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.
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