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Amazon to Sell Bay Area Office Complex as Sales Growth Cools

Amazon.com Inc. is selling a vacant Bay Area office complex purchased about 16 months ago, in an effort to unwind a pandemic-era expansion that left it with a surfeit of warehouses and employees. Amazon.com Inc. is selling a vacant Bay Area office complex purchased about 16 months ago, the company's latest effort to unwind a pandemic-era expansion that left it with a surfeit of warehouses and employees. Amazon in October 2021 paid $123 million for the 29-acre property in Milpitas, California, part of a strategy to

Amazon to cut 18,000 jobs as layoffs expand in tech sector

Amazon.com Inc's layoffs will now include more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note on Wednesday. The layoff decisions, which Amazon will communicate starting Jan. 18, will largely impact the company's e-commerce and human resources organizations, he said. The cuts amount to 6% of Amazon's roughly 300,000-person corporate workforce and represent a swift turn for a retailer that recently doubled its base pay ceiling to

Amazon Pressed on Warehouse-Rebuilding Plan After Deadly 2021 Tornado

Three US lawmakers questioned Amazon.com Inc.’s plans for rebuilding an Illinois warehouse that collapsed. Three US lawmakers questioned Amazon.com Inc.'s plans for rebuilding an Illinois warehouse that collapsed in a tornado last year, killing six workers and prompting an investigation by workplace safety regulators. The lawmakers said the e-commerce company should be constructing the warehouse with stronger safety features than existed before the collapse. Amazon is a tenant in the facility owned by a separate