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Amazon Says Company Will Cut Over 18,000 Jobs, More Than Initially Planned

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Amazon said Wednesday it will cut over 18,000 jobs, a bigger number than the e-retailer initially said it would be eliminating last year.

Amazon, one of the largest employers in the U.S., is scaling back more than it had anticipated.

"Amazon has weathered uncertain and difficult economies in the past, and we will continue to do so," Jassy wrote in a memo.

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