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Amazon CEO says job cuts to exceed 18,000 roles - BusinessWorld Online

Amazon CEO says job cuts to exceed 18,000 roles - BusinessWorld Online
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United statesAndy jassyMeta platforms incWalmart incChief executive andy jassyFacebook parent meta platforms inc

Amazon CEO Andy Jassy says job cuts to exceed 18,000 roles

The company has more than 1.5 million workers including warehouse staff, which makes it the USA's second-largest private employer after Walmart Inc. Amazon has prepared for likely slower growth due to rising inflation that has provoked businesses and consumers to snip back spending and its share price has reduced by half in the past year.

United statesAndy jassyMeta platforms incAmazon incWalmart incWall street journalChief executive andy jassyFacebook parent meta platforms inc

Amazon CEO says job cuts to exceed 18,000 roles

Amazon.com Inc s layoffs will now stretch to 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.The layoff decisions, which Amazon will communicate starting

United statesAndy jassyMeta platforms incWalmart incChief executive andy jassyFacebook parent meta platforms inc

AMC Networks CEO exits after brief stint; plans 20% U S job cuts

AMC Networks said its chief executive officer had stepped down, less than three months after taking over the role, and that it would cut about 20% of its U.S. workforce as it faces industry. | December 6, 2022

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Wall Street mixed, European shares end nearly flat; Sterling, Euro fall

U.S. stocks were mixed and European shares ended nearly flat on Thursday as investors balanced mixed earnings reports and economic data, while the pound retreated from mid-September highs.

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