January 30, 2001, 5:16 PM

Kozmo delivers pink slips

Kozmo.com has closed its online delivery service in San Diego and Houston, laying off 120 employees, 5% of its overall staff. A spokesperson for Kozmo says the markets were underperforming. Kozmo still operates in nine other markets including, Chicago, New York and San Francisco. This is Kozmo's second layoff in six months. In July it laid off 300 employees citing improvements to its system through automation. In December Kozmo altered its free delivery policy by instituting a $1.99 charge for all orders under $30. At that time, the company said the charge was to offset the added cost of its expanding product offering and service area.
comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Bill Siwicki / Mobile Commerce

Want to be honored as one of the world’s best mobile retailers?

Mark Tuesday Nov. 4 on your calendar to attend a live-streaming event on tips for ...

FPO

Timothy Seward / E-Commerce

Amazon: relating to the behemoth

Learn what you can from Amazon, but don’t hand Jeff Bezos the keys to your ...

Advertisement