Amazon to cut more than 18,000 jobs, CEO says

Amazon aims to shed much than 18,000 roles arsenic portion of a shakeup of the business, the exertion giant's brag says.

The cuts magnitude to astir 6% of the firm's astir 300,000-strong firm workforce.

In November Amazon said it was starting a circular of layoffs but did not springiness a fig of however galore jobs it would cut.

"We are moving to enactment those who are affected and are providing packages that see a separation payment, transitional wellness security benefits, and outer occupation placement support," Mr Jassy said.

He added that "Amazon has weathered uncertain and hard economies successful the past, and we volition proceed to bash so."

Two months agone the steadfast said it would absorption connected reducing expenses successful its yearly reappraisal of concern operations.

Amazon had already introduced a hiring frost and halted immoderate of its warehouse expansions, informing it had over-hired during the pandemic.

It has besides taken steps to unopen immoderate parts of its business, cancelling projects specified arsenic a idiosyncratic transportation robot.