Amazon layoffs today: Tech giant slashes more jobs ‘in a world that’s changing faster than ever’

It’s been a brutal week when it comes to layoffs.

On Monday, shoe giant Nike announced it would lay off 775 employees, and on Tuesday, Pinterest announced it would lay off around 15% of its workforce. The same day, UPS announced 30,000 job cuts.

Now Amazon is also joining their ranks with the announcement today of mass layoffs. Here’s what you need to know.

What’s happened?

On Wednesday, Amazon announced that it was eliminating 16,000 positions across its workforce.