Business

Amazon to lay off 10,000 employees in preparation for tech downturn

By Christopher Hutton
Published November 14, 2022 5:19pm ET
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Amazon to lay off 10,000 employees in preparation for tech downturn
A monitor displays Amazon.com Inc. stock information at the Nasdaq MarketSite in New York, U.S., on Tuesday, Sep. 4, 2018. Amazon.com Inc. briefly became America's second trillion-dollar company on Tuesday after adding $434 billion to its market cap this year. | (Jeenah Moon/Bloomberg)

Amazon intends to lay off thousands of workers in what some call the most significant round of cuts in the company’s history.

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