Amazon CEO Andy Jassy confirms company will cut over 18,000 jobs, more than initially planned

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Amazon says it will cut over 18,000 jobs, more than initially planned

In November, Jassy said Amazon would eliminate roles, including at its physical stores and in its devices and books divisions. CNBC reported at the time that Amazon was looking to lay off around 10,000 of its employees. Now the number is higher.

"Amazon has weathered uncertain and difficult economies in the past, and we will continue to do so," Jassy wrote. "These changes will help us pursue our long-term opportunities with a stronger cost structure; however, I'm also optimistic that we'll be inventive, resourceful, and scrappy in this time when we're not hiring expansively and eliminating some roles."

Amazon plans to inform employees who will lose their jobs starting Jan. 18, Jassy wrote, noting that most cuts will come in the stores and People, Experience, and Technology groups.

 

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