Amazon’s stock down nearly 2% as another 9,000 layoffs announced

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Amazon’s stock down nearly 2% as another 9,000 layoffs announced
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In a memo to staff, Amazon CEO Andy Jassy said the cuts would take place over the next few weeks.

In a memo to staff, Amazon AMZN Chief Executive Andy Jassy said the cuts would take place over the next few weeks and primarily affect Amazon Web Services, People Experience and Technology Solutions, advertising and Twitch.

“This was a difficult decision,... Amazon.com Inc. is eliminating another 9,000 jobs, the company announced Monday morning. In a memo to staff, Amazon AMZN Chief Executive Andy Jassy said the cuts would take place over the next few weeks and primarily affect Amazon Web Services, People Experience and Technology Solutions, advertising and Twitch.

“This was a difficult decision, but one that we think is best for the company long term,” Jassy wrote. The latest layoffs follow an earlier round, announced in November, that affected more than 18,000 employees.

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