Amazon plans to cut 18,000 jobs to rein in costs

Amazon has raised the number of employees it plans to eliminate from its corporate workforce to “just over 18,000”, chief executive Andy Jassy said, as the company looks to rein in costs.

In a blog post published on Wednesday, Jassy said the majority of cuts would hit the company’s Stores unit — which includes its core ecommerce business — and its human resources division, known as People, Experience, and Technology, or PXT.