Amazon is set to shutter Book Depository, an online bookstore and competitor it acquired back in 2011.
The news comes hot on the heels of a swathe of cutbacks at the internet giant, with two separate rounds of layoffs impacting at least 27,000 people across various divisions including its highly profitable AWS cloud unit and and its devices and books businesses.
Founded out of Gloucester, the U.K., in 2004 by Andrew Crawford and Stuart Felton, Book Depository (initially called The Book Depository) was a direct competitor to Amazon’s flagship online bookselling business, shipping millions
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