Amazon expects to cut more than 18,000 jobs, CEO says
Layoffs at Amazon.com Inc. (Nasdaq: AMZN) this year are going to be worse than originally expected, CEO Andy Jassy told employees Wednesday in a me...
Layoffs at Amazon.com Inc. (Nasdaq: AMZN) this year are going to be worse than originally expected, CEO Andy Jassy told employees Wednesday in a memo that was publicly posted. In November, Amazon confirmed it was going to lay off 10,000 corporate and tech employees. It clarified the number would be nailed down at a later date, but it expected the cutbacks would be around that initial report. Now, the Seattle-based tech giant expects to eliminate more than 18,000 jobs companywide between the cuts made in November and those announced this year.