Amazon's new round of layoffs affects Seattle, involving 1,400 people
Amazon announced this week that it will lay off approximately 16,000 positions, including 1,400 in Seattle and 700 in Bellevue. This round of layoffs continues the reduction of over 2,000 employees from last October, aimed at cutting management levels and streamlining bureaucracy. This move deepens market concerns about the sluggishness of the Seattle tech industry, with data showing that the region lost nearly 13,000 jobs last year, marking the first annual job loss since the 2009 financial crisis