For anyone interested, this Associated Press is sending out the following story:

By ALISON LINN
AP Business Writer
SEATTLE -- Amazon.com said Tuesday it plans to cut 1,300 jobs, or 15
percent of its work force.
The news came as the Seattle-based online seller of books and CDs posted
fourth-quarter losses that were slightly lower than what analysts were
expecting.
In a statement, Amazon said it is closing a distribution center in McDonough,
Ga., and a customer service center in Seattle to contain costs. It also said
its distribution center in Seattle will be operated seasonally.
The resulting job cuts will cause Amazon to take a charge in excess of $150
million this year.
For the three months ended Dec. 31, Amazon lost $545 million, compared with
$323.3 million in the year-ago period.
Excluding one-time items, Amazon lost $90.4 million, compared with $184.9
million last year.
``While the strength of consumer spending remains uncertain, and there are no
guarantees, we expect Amazon.com as a whole to reach operating profitability
in the fourth quarter of this year,'' said Warren Jenson, chief financial
officer.
Amazon.com stock closed at $18.94 Tuesday, down $1.18 or about 6 percent on
the Nasdaq Stock Market.
For all of 2000, Amazon reported a net loss of $417.1 million.
Amazon.com, which began selling products online in July 1995, employs about
8,500 workers.

How will this affect their prices?

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Regards...
#Other TEAM 7 Member
Drinker of much Pepsi, trainer of Dingo's and Jack's Aussie Moonshine importer...
John 3:16

quote:<HR>Originally posted by Fhrx:
How will this affect their prices?

<HR>

I don't know...how do you think it will affect the lives of the 1300 people and their families who are LOSING THEIR JOBS?

quote:<HR>Originally posted by Brak55:
I don't know...how do you think it will affect the lives of the 1300 people and their families who are LOSING THEIR JOBS?<HR>

I'm guessing that it'll have a negative impact. But they can get other jobs. Amazon, on the other hand, would be difficult to replace.

I only caught a snippet of it, but Bezos was also crowing that Amazon would actually turn a profit by the end of the year; not sure if he meant for the whole year, or just the 4th quarter....