Online retail giant Amazon will lay off upwards of 18,000 workers this year.
CEO Andy Jassy announced in November of last year that the company planned to cut around 10,000 jobs. Now, after a hard look at the economic situation, that number has jumped significantly.
“Between the reductions we made in November and the ones we’re sharing today, we plan to eliminate just over 18,000 roles. Several teams are impacted; however, the majority of role eliminations are in our Amazon Stores and PTX organizations.” Mr. Jassy said in a blog post.
In his announcement, Mr. Jassy explained that the company is not in “heavy people expansion mode” this year, in reference to the current economic situation.