Feeds

Urbanfetch and don't carry

More than 100 job losses

  • alert
  • submit to reddit

Internet Security Threat Report 2014

New York-based Urbanfetch is to shut its consumer delivery service in the city and ditch its London office.

The dotcom, which delivered online orders of goods such as books, food and electrical items within the hour, will now only run its corporate delivery service Urbanfetch Express. It is not known how many of the 400 New York staff will lose their jobs.

All 100 employees will go in its four-month-old UK business - which the company claims was healthy. But according to Urbanfetch CEO Ross Stephens, the B2B operation - started six months ago - is more profitable than the two consumer delivery businesses combined.

"Present market realities dictate that we focus our resources where we can make a profit in a much shorter time frame than our B2C business would have required," he said.

The consumer operation will keep running for a few weeks to liquidate inventory. The announcement comes just two days after the collapse of merger talks between Urbanfetch and New York rival Kozmo.com.

In dotcom desperado news, the Tribune Interactive is to cut 80 jobs in a bid to generate profit - including 20 staff at LATimes.com, and six at the ChicagoTribune.com and ChicagoSports.com. It has a total of 650 staff.

Today also saw two more dotcom exec vacancies open up. WebMD founder and co-CEO Jeff Arnold and Stamps.com chairman and CEO John Payne both announced they would quit their positions. ®

Related Stories

QXL buyout of Ricardo gets delayed
Kozmo.com delays IPO
No layoffs at Apple, Steve Jobs promises troops

Providing a secure and efficient Helpdesk

More from The Register

next story
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
DVLA website GOES TITSUP on day paper car tax discs retire
Welcome to GOV.UK - digital by de ... FAULT
Hey Brit taxpayers. You just spent £4m on Central London ‘innovation playground’
Catapult me a Mojito, I feel an Digital Innovation coming on
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
EU probes Google’s Android omerta again: Talk now, or else
Spill those Android secrets, or we’ll fine you
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.