Amazon lays off 18,000 employees

Amazon plans to lay off more than 18,000 employees as the global economy continues to worsen.

Amazon has decided to lay off around 18,000 employees due to the forthcoming economic uncertainty. CEO Andy Jassy said that majority of the roles in the Amazon Stores and People, Experience and Technology organisations. Jassy also stated that Amazon is working on trying to provide support to the affected employees by providing them health insurances and external placement support.