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Amazon to slash more than 18,000 jobs in escalation of cuts
Amazon has announced the job cuts of over 18,000 staff members - the largest corporate workforce slash in its history.
By Spencer Soper and Matt Day
Amazon.com Inc. is laying off more than 18,000 employees — the biggest corporate workforce reduction in its history — in the latest sign that a tech-industry slump is deepening.
Chief Executive Officer Andy Jassy announced the move in a memo to staff Wednesday, saying it followed the company's annual planning process. The cuts, which began last year, were previously expected to affect about 10,000 people. The reduction is concentrated in the firm's corporate ranks, mostly Amazon's retail division and human resources functions like recruiting.
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