Feeds

Urbanfetch and don't carry

More than 100 job losses

  • alert
  • submit to reddit

Bridging the IT gap between rising business demands and ageing tools

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

The Power of One Brief: Top reasons to choose HP BladeSystem

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.