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Amazon lands $8bn loan as it announces the letting go of 18,000 staff

The loan is one of the largest announced in recent months and so are the number of redundancies which will affect staff in at least the US and Europe.

By João Marques Lima

Founder and Editor, The Tech Capital

4 Mins

January 06, 2023 | 1:16 PM GMT

Amazon lands $8bn loan as it announces the letting go of 18,000 staff

Amazon's President Andy Jassy. Source: AWS

The world’s largest e-retailer and public cloud operator Amazon.com Inc (AMZN.O) said it had reached an agreement with certain lenders to provide the e-commerce giant a US$8 billion unsecured loan.

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João Marques Lima

Founder and Editor, The Tech Capital

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