Amazon to axe 18,000 jobs citing economic uncertainty

Amazon to axe 18,000 jobs citing economic uncertainty

Amazon chief points to company’s rapid hiring in recent years while saying layoffs mainly to hit its brick-and-mortar stores

Amazon has announced it will cut more than 18,000 jobs from its workforce – the largest set of layoffs in the US company’s history – while business software maker Salesforce is to cut 8,000 workers in the latest purge of tech jobs.

Amazon cited “the uncertain economy” and said the e-commerce giant had “hired rapidly over the last several years” in making the announcement on Wednesday.

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