Amazon job cuts escalate to more than 18,000

Amazon.com Inc. is laying off more than 18,000 employees — the biggest reduction in its history — in the latest sign that a tech-industry slump is deepening. CEO Andy Jassy announced the cuts, which represent about 1% of Amazon’s employees, in a Jan. 4 memo to staff, saying it followed the company’s annual planning process. […] The post Amazon job cuts escalate to more than 18,000 appeared first on Digital Commerce 360.