British online store Book Depository is being shut down by its parent company, US tech giant Amazon.

Book Depository has informed its customers that it will be closing its doors later this month after nearly two decades in business.

It comes after Amazon announced plans to cut thousands of jobs as it shakes up its businesses worldwide.

The news was met with sadness by many Book Depository customers from around the world.

“We are sorry to report that Book Depository will close on April 26, 2023,” the company said.

Customers can still order books until noon UK time on the last trading day, the company’s website added.

Book Depository was founded in 2004 by former Amazon employee Andrew Crawford and his business partner Stuart Felton.

The global online bookseller, bought by Amazon in 2011, has offices in London, Gloucester, Madrid, Cape Town and Chennai – with fulfillment centers in the UK and Australia.

Thousands of Book Depository customers, including bestselling authors, reacted with sadness to the announcement.

“Sorry to hear the news. A great loss for all of us,” tweeted New Zealand author and poet Lang Leav.

“My heart is breaking,” said another Twitter user.

This year, Amazon has shed thousands of jobs to make big cost savings.

As part of the restructuring, the company announced changes to its book business, including a decision to stop selling magazines and newspaper subscriptions on its Kindle e-book device.

Last month, Chief Executive Andy Jassy said cutting jobs across the company was a “tough decision” but it was best for the company in the long run.

He said roles have been added to most of Amazon’s businesses in recent years.

“However, given the uncertain economy we find ourselves in and the uncertainty that exists in the near future, we have decided to streamline our costs and headcount,” he continued.

Like much of the global tech industry, Amazon has experienced a sales boom during the pandemic as customers have been stuck at home.

Recently, however, sales have slowed as consumers spend less due to the cost-of-living crisis.

Other companies, including Google and Facebook owner Meta, have grappled with how to balance cost-cutting measures with the need to remain competitive.

British online store Book Depository is being shut down by its parent company, US tech giant Amazon.

Book Depository has informed its customers that it will be closing its doors later this month after nearly two decades in business.

It comes after Amazon announced plans to cut thousands of jobs as it shakes up its businesses worldwide.

The news was met with sadness by many Book Depository customers from around the world.

“We are sorry to report that Book Depository will close on April 26, 2023,” the company said.

Customers can still order books until noon UK time on the last trading day, the company’s website added.

Book Depository was founded in 2004 by former Amazon employee Andrew Crawford and his business partner Stuart Felton.

The global online bookseller, bought by Amazon in 2011, has offices in London, Gloucester, Madrid, Cape Town and Chennai – with fulfillment centers in the UK and Australia.

Thousands of Book Depository customers, including bestselling authors, reacted with sadness to the announcement.

“Sorry to hear the news. A great loss for all of us,” tweeted New Zealand author and poet Lang Leav.

“My heart is breaking,” said another Twitter user.

This year, Amazon has shed thousands of jobs to make big cost savings.

As part of the restructuring, the company announced changes to its book business, including a decision to stop selling magazines and newspaper subscriptions on its Kindle e-book device.

Last month, Chief Executive Andy Jassy said cutting jobs across the company was a “tough decision” but it was best for the company in the long run.

He said roles have been added to most of Amazon’s businesses in recent years.

“However, given the uncertain economy we find ourselves in and the uncertainty that exists in the near future, we have decided to streamline our costs and headcount,” he continued.

Like much of the global tech industry, Amazon has experienced a sales boom during the pandemic as customers have been stuck at home.

Recently, however, sales have slowed as consumers spend less due to the cost-of-living crisis.

Other companies, including Google and Facebook owner Meta, have grappled with how to balance cost-cutting measures with the need to remain competitive.