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?

Stock market futures turned lower after two job-market reports came out before the stock market's open.

The online retail firm said roles that will be affected the most include those across its stores, such as Amazon Fresh and Amazon Go, as well as its human resources division

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