Corporate and M&A

Amazon cuts 18,000 jobs, secures billion-dollar loan

2023-01-06T07:39:00

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Amazon will lay off over 18,000 employees, with the majority focused on Amazon Stores and the People, Experience, and Technology (PXT) organizations, Andy Jassy, the company’s CEO, announced. The U.S. online retailer plans to start talking to employees or representative bodies from Jan. 18.

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