The Latest Breaking News from Andy Jassy

After Amazon shed $1 trillion in value, could Jeff Bezos become the next CEO to return and save a troubled company?

The online retailing giant has said that they plan to cut thousands of jobs as it battles to save money throughout the cost of living crisis - meaning that 18,000 will lose out.

The news came from a memo sent by Chief Executive Officer at Amazon Andy Jassy, as the retail giant will slash thousands of job around the world including in Europe

E-commerce giant Amazon has announced it will lay off 18,000 people. CEO Andy Jassy says the cuts will mostly affect the human resources teams and the Amazon Stores operations, and will represent around 6 percent of the company's 300,000 corporate workforce. This comes after similar layoff plans took place at…

CEO Andy Jassy said the move was about ‘finding a way to do more for customers at a lower cost’

Last year it was reported that the tech giant was planning to cut 10,000 jobs with then-Tanaiste Leo Vardakar stating no job losses were anticipated for Ireland

The layoffs represent the single largest number of jobs cut at a technology company since the industry began aggressively downsizing last year.

Amazon boss blames economic uncertainty and recent rapid hiring while Salesforce cuts 8,000 roles, almost 1 in 10 staff

The wave of layoffs at Amazon will hit thousands more people than originally expected.