🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Amazon to shut down Halo division, lays off some staff

Published 04/26/2023, 04:09 PM
Updated 04/26/2023, 04:13 PM
© Reuters. FILE PHOTO: Woman with smartphone is seen in front of displayed Amazon logo in this illustration taken, July 30, 2021. REUTERS/Dado Ruvic/Illustration
GOOGL
-
AAPL
-
AMZN
-
GOOG
-

(Reuters) - Amazon.com Inc (NASDAQ:AMZN) said on Wednesday it was shutting down its Halo division that sells health and sleep trackers as the technology giant kicks off wider company layoffs.

The company said it will stop supporting Halo services from July 31, and will fully refund Halo devices purchases made in the preceding 12 months.

"We notified impacted employees in the U.S. and Canada today," the company said in a blog post.

The company had introduced the original Halo band in 2020, which came as a fitness tracker along with a subscription to certain health monitoring and analysis services from Amazon. It later released a new version called Halo View and Halo Rise, a contact-less sleep tracker and smart alarm clock.

© Reuters. FILE PHOTO: Woman with smartphone is seen in front of displayed Amazon logo in this illustration taken, July 30, 2021. REUTERS/Dado Ruvic/Illustration

Like peers Apple Inc (NASDAQ:AAPL) and Alphabet (NASDAQ:GOOGL) Inc's Google, Amazon has invested in health-tracking technology for consumers, at times drawing regulatory scrutiny for sensitive information it aimed to collect – like body fat percentage via its fitness wristband.

Amazon, which in March announced it was laying off 9,000 workers as part of its second retrenchment drive, started informing some of the affected employees on Wednesday. Heads of Amazon Web Services and the People Experience and Technology team emailed affected staff about the cuts, the company said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.