18,000 jobs cut as Amazon cites “uncertain economy”

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Amazon plans to cut more than 18,000 jobs, the largest number in the firm’s history, as it battles to save costs.

Most of the job losses will come from its consumer retail business and its human resources division.

Boss Andy Jassy cited the “uncertain economy” for the cuts, saying it had “hired rapidly over several years.”

“Companies that last a long time go through different phases. They’re not in heavy people expansion mode every year,” he added.

Amazon has seen sales slow after business boomed during the pandemic when customers bored at home spent a lot online.

Read more at BBC.com

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Chuck comes from a lineage of journalism. He has written for some of the webs most popular news sites. He enjoys spending time outdoors, bull riding, and collecting old vinyl records. Roll Tide!