Tag AMZN

Amazon (NASDAQ: AMZN) is tightening its belt once again. After announcing plans to lay off 10,000 corporate employees in November, the company is now cutting payrolls in its white-collar workforce by another 8,000. In the initial announcement back in November, the company said more layoffs would come, but the additional 8,000 seemed to surprise investors, who initially welcomed the news as the stock rose nearly 2% in after-hours trading on Wednesday...

With this round of layoffs, Amazon leads the pack in tech company workforce reductions. Here's what to know...

Amazon.com Inc's layoffs will now include more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note on Wednesday...

As Jeff Bezos hit the slopes in Aspen, Colorado, last week, his successor at Amazon, Andy Jassy, was deciding where the axe should fall in the online retailer’s biggest ever round of job cuts...

Yahoo Finance Live anchors discuss the latest round of layoffs in the tech sector as Amazon announces it will cut 18,000 jobs...

Amazon.com can’t always dominate everything – and that might be a strength. The $855 billion e-commerce giant is laying off 18,000 people, more than it had originally planned. In a backwards way, this helps Amazon’s antitrust defense...

Jefferies Sr. Research Analyst Brent Thill joins Yahoo Finance Live to discuss Amazon eliminating over 18,000 jobs in an effort to cut costs, ongoing tech and e-comm layoffs, the beginning of a recession, and the outlook for Amazon and other tech companies...