Amazon announces fresh wave of layoffs taking total job cuts to 18,000

A fresh wave of tech sector layoffs could be about to hit the UK after Amazon said it would increase job cuts to 18,000 as it seeks to slash costs amid worsening global economic conditions.The Seattle-based e-commerce giant, which has seen its share price fall almost 50% over the past year, said the layoffs would largely impact the firm’s physical stores and human resources wings of the company.