Amazon lays off 18,000 employees
The online giant which employs 1.5 million people globally did not say which countries would be hit by the job cuts but said they would include Europe.
Amazon plans to cut more than 18,000 jobs, the largest number in the firm's history, as it battles to save costs. Analysts predict more painful spending cuts, saying the company hired too many staff during the past few years.
In general, it's a challenging time for businesses in the US. We look at how local owners operate their businesses.
And exactly one month ago, the US, European Union and allies announced a price cap on Russian oil imports. We look at how it鈥檚 affected the Russian economy and the gas and oil industry.
(Picture: Delivery boy holding a box in front of a van. Picture Credit: Getty Images)
Podcast
-
![]()
World Business Report
The latest business and finance news from around the world, on the 大象传媒
