Amazon to cut more than 18,000 jobs, CEO says

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Amazon to cut more than 18,000 jobs, CEO says
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The announcement comes after the technology giant said last year that it would reduce its headcount.

Amazon aims to shed more than 18,000 roles as part of a shakeup of the business, the technology giant's boss says.The cuts amount to around 6% of the firm's roughly 300,000-strong corporate workforce.

"We are working to support those who are affected and are providing packages that include a separation payment, transitional health insurance benefits, and external job placement support," Mr Jassy said. Two months ago the firm said it would focus on reducing expenses in its annual review of business operations.

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