Amazon.com has increased its planned layoffs to over 18,000 roles which would largely impact its e-commerce and human resources organizations.
According to CEO Andy Jassy, they will communicate the layoffs starting January 18.
The cuts amount to 6 percent of Amazon’s roughly 300,000 corporate personnel.
Amazon recently doubled its base pay ceiling to compete more aggressively for talent.
Jassy attributed their difficulties to the uncertain economy and that we’ve hired rapidly over the last several years.”
Amazon, the second-largest private employer in the US after Walmart, has over 1.5 million workers including warehouse staff.
It began letting staff go in November from its devices division, where it was targeting 10,000 job cuts.


Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand
Japan Business Sentiment Hits Four-Year High, Boosting Expectations of BOJ Rate Hike
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case
Westpac Director Peter Nash Avoids Major Investor Backlash Amid ASX Scrutiny
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand
Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move
China’s Small Bank Consolidation Struggles as Profits Fall and Risks Persist
BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025
United Airlines Flight to Tokyo Returns to Dulles After Engine Failure During Takeoff
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation
Japan Weighs New Tax Breaks to Boost Corporate Investment Amid Spending Debate
Fed’s Dovish Tone Sends Dollar Lower as Markets Price In More Rate Cuts
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns
Fortescue Expands Copper Portfolio With Full Takeover of Alta Copper
SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans 



