Amazon reportedly has given the boot to dozens of engineers who worked on its ill-fated Fire Phone. The purged staffers worked at Lab126, Amazon’s secretive Silicon Valley-based hardware development center. Amazon also scaled back or killed off several other Lab126 projects, including a large-screen tablet, according to the report, and it reorganized the center to combine two hardware units into one. Investors apparently like the move — Amazon’s stock rose by 3.51 percent on Thursday, closing the day at $518.37.
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Amazon Firing Spree Follows Fire Phone Flop
Posted by: Richard Adhikari August 27, 2015 02:32 PMAmazon reportedly has given the boot to dozens of engineers who worked on its ill-fated Fire Phone. The purged staffers worked at Lab126, Amazon’s secretive Silicon Valley-based hardware development center. Amazon also scaled back or killed off several other Lab126 projects, including a large-screen tablet, according to the report, and it reorganized the center to combine two hardware units into one. Investors apparently like the move — Amazon’s stock rose by 3.51 percent on Thursday, closing the day at $518.37.