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
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Amazon.com 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.