Amazon to slash more than 18,000 jobs in escalation of cuts

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Amazon to slash more than 18,000 jobs in escalation of cuts
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Amazon is laying off more than 18,000 employees — a significantly bigger number than previously planned — in the latest sign that a technology slump is deepening.

Amazon.com is laying off more than 18,000 employees — a significantly bigger number than previously planned — in the latest sign that a technology slump is deepening.

has loomed over Amazon for months — the company has acknowledged that it hired too many people during the pandemic — the increasing total suggests the company’s outlook has darkened. It joins other tech giants in making major cuts. Jassy has eliminated or curtailed experimental and unprofitable businesses, including teams working on a telehealth service, a delivery robot and a children’s video-calling device, among other projects.

The first wave of cuts landed heaviest on Amazon’s devices and services group, which builds the Alexa digital assistant and Echo smart speaker, among other products. The group’s chief said last month that lay-offs in the unit totalled less than 2000 people, and that Amazon remained committed to the voice assistant.

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