Amazon will shut down all of its online shopping and streaming services on Monday after a major cyberattack that took down hundreds of thousands of computers worldwide.
The company’s stock fell nearly 7 percent on the news.
“We were shocked and appalled by the severity of the attack, which we expect will be costly and disruptive to our customers, suppliers, partners and suppliers of cloud computing,” Amazon Chief Executive Jeff Bezos said in a statement.
“As we have previously stated, our systems are fully capable of handling this type of attack, but we cannot guarantee our ability to continue to operate online and offline at the same time.”
The company said it has already begun shutting down Amazon Prime memberships and will continue to do so throughout the day.
“We will not be able to support all our memberships,” Amazon said.
“These measures will be in place for a limited time, until we can safely resume operations.”
The cyberattack is the first major attack on Amazon’s cloud computing infrastructure since the company acquired Amazon Web Services in 2009, and it is the largest such attack in Amazon’s history.
In the wake of the latest attack, the company said in its annual report that it was cutting more than 300,000 jobs, including nearly 100,000 at its Amazon Web services division.
The attack comes just days after Amazon announced it would be opening up the Amazon Prime streaming service to the public.
The service, which will be available only on a few of Amazon’s streaming devices, will give customers a choice between a free three-day trial or a $99 annual membership that includes access to the Prime video-on-demand service.
The online retailer is facing an unprecedented surge in competition in the online retail business, which has grown rapidly in recent years, and has been accused of stifling innovation.
Amazon has struggled to attract and retain employees in the face of increasing competition from companies like Netflix and Facebook.
The announcement that the company would shut down its entire online shopping service came after a number of high-profile hacks and attacks that hit Amazon’s hardware, software and infrastructure in recent months.
In late August, the website of the online shopping giant crashed, with a number that were initially thought to be from a hacker.
Later in September, Amazon said that a large number of its servers were attacked.
That followed reports that the cyberattack on the company’s cloud services was similar to one that hit Netflix in September.
Earlier this month, Amazon announced that it had shut down more than 1.3 million of its cloud computing systems, with more than 7 million systems affected.