Amazon Layoffs and Loan — “Amazon Inc.’s layoffs will affect more than 18,000 employees, the highest reduction tally revealed in the past year at a major technology company as the industry pares back amid economic uncertainty. The Seattle-based company in November said that it was beginning layoffs among its corporate workforce, with cuts concentrated on its devices business, recruiting and retail operations.” [Wall Street Journal, TechCrunch]
Arlington Impact Unclear — “Later in November, Amazon began laying off… employees, according to reports, including at its Alexa division, which is supposed to have a large presence at its HQ2 in Arlington… At HQ2, Amazon is wrapping up construction on its two-tower first phase, Metropolitan Park, set to open later this year. The company has yet to break ground on the second phase, PenPlace.” [Washington Business Journal]