Amazon axing 18,000 jobs worldwide to slash costs

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Amazon axing 18,000 jobs worldwide to slash costs
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It's the the largest layoffs programme in the online giant's history.

Online retail titan Amazon is cutting more than 18,000 jobs worldwide in the largest layoffs programme in its history as part of plans to slash costs.

The group, which employs around 1.5 million people globally, had warned in November of job cuts without confirming a figure, but said it had found more roles would need to be axed as part of an in-depth review of its business. Chief executive Andy Jassy said in a note to employees, which was made public: “These changes will help us pursue our long-term opportunities with a stronger cost structure.”

Mr Jassy also said the announcement had been brought forward after one of its employees leaked the details.

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