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Amazon to Slash More Than 18,000 Jobs in Escalation of Cuts

  • Reduction falls heavily on retail and human resources
  • The cuts were previously thought to affect about 10,000 people
Bloomberg business news
Amazon Plans to Lay Off More Than 18,000 Jobs
Updated on Inc. is laying off more than 18,000 employees — the biggest reduction in its history — in the latest sign that a tech-industry slump is deepening.

Chief Executive Officer Andy Jassy announced the cuts, which represent about 1% of Amazon’s employees, in a memo to staff Wednesday, saying it followed the company’s annual planning process.