Amazon restructures drone program, cuts jobs
The employees are in the R&D and manufacturing area
Fox Business Flash top headlines for November 18
Fox Business Flash top headlines are here. Check out what's clicking on FoxBusiness.com.
Amazon is reorganizing its delivery drone project, laying off dozens of workers
Continue Reading Below
The employees are in the R&D and manufacturing area, according to The Financial Times.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
The move reportedly comes after the company reached tentative deals with two external manufacturers to build component parts.
Those companies are said to be Austria's FACC Aerospace and Spain's Aernnova Aerospace.
AMAZON SCORES RECORD SALES FOR ANY THREE-MONTH PERIOD EVER
The drone project has been seven years in the making and has been a focused on a future way to deliver smaller packages.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
AMZN | AMAZON.COM INC. | 3,232.58 | -93.55 | -2.81% |
Powered by |
An Amazon spokeswoman confirmed the lay offs to The Financial Times.
CLICK HERE TO READ MORE ON FOX BUSINESS
It is not known how many employees were working on the drone project.