"Uncertain Economy": Amazon To Lay Off Over 18,000 Employees

Amazon announced Wednesday it will cut more than 18,000 jobs from its workforce, citing "the uncertain economy" and the fact that the retail giant has "hired rapidly over the last several years."

"Between the reductions we made in November and the ones we're sharing today, we plan to eliminate just over 18,000 roles," said CEO Andy Jassy in a statement. The company had announced 10,000 layoffs in November.

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