Watch Amazon CEO Says Company Will Cut 9,000 Jobs News Video

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“Amazon will lay off 9,000 more employees in the coming weeks, CEO Andy Jassy said in a memo to staff on Monday.

“The cuts are on top of the previously announced layoffs that began in November and extended into January. That round totaled more than 18,000 employees, and primarily affected staffers in its retail, devices, recruiting and human resources groups.

“Amazon made the decision to lay off more employees as it looks to streamline costs. It took into account the economy, as well as the “uncertainty that exists in the near future,” Jassy said.

“The company just wrapped up the second phase of its annual budgeting process, referred to internally as “OP2.””

Read more at CNBC

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