(Reuters) – Amazon.com Inc plans mass layoffs at its money-losing parenting products subsidiary Quidsi as part of a business restructuring, the company said in a document filed with the state of New Jersey on Wednesday. The e-commerce giant plans to terminate 263 employees in New Jersey this summer, according to a notice filed with the state’s Department of Labor and Workforce Development.
Quidsi operates Diapers.com and other websites.
“We have worked extremely hard for the past seven years to get Quidsi to be profitable, and unfortunately we have not been able to do so,” an Amazon spokeswoman said in a statement. “Quidsi has great brand expertise and they will continue to offer selection on Amazon.com; the software development team will focus on building technology for AmazonFresh.”
PLAN B INCOME PRODUCERS 