Amazon layoffs: Amazon is laying off employees in the United States, Canada and Costa Rica as it plans to cut 18,000 jobs will cut some jobs in the United States, Canada and Costa Rica by the end of Wednesday as part of its plan to lay off 18,000 employees, e-commerce giant said in a note to employees seen by Reuters.

The layoffs are the latest in the US tech sector, as companies slash their bloated workforce and cut costs to reverse pandemic-era excesses and prepare for a worsening global economy. CEO Andy Jassy said earlier this month that the cuts, about 6% of the company’s roughly 300,000 employees, will mostly affect its e-commerce and human resources departments.

Microsoft said earlier on Wednesday that it would cut about 10,000 jobs and cut $1.2 billion.

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