Amazon reveals huge job layoffs to help cut costs

Just days after closing an $8 billion credit agreement, Amazon is the latest company to announce major layoffs affecting thousands of workers.

in a statement on Amazon site (Opens in a new tab)CEO Andy Jassy explained that one of his teammates had leaked information regarding the cuts, forcing the decision to publicly announce that a total of 18,000 jobs would be cut, without “talking first”.[ing] with directly affected persons,” leading to further speculation about uncertainty within the company.

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