Amazon CEO says job cuts to exceed 18,000 roles

Amazon CEO says job cuts will exceed 18,000 roles and will impact the company's e-commerce and human-resources organizations

The layoff decisions, which Amazon will communicate starting Jan. 18, will largely impact the company's e-commerce and human-resources organizations, he said.

Amazon has braced for likely slower growth as soaring inflation encouraged businesses and consumers to cut back spending and its share price has halved in the past year. The tech industry shed more than 150,000 workers in 2022, according to tracking site Layoffs.fyi, a number that's continuing to grow. Salesforce Inc

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