Amazon Online jobs cut by 40%

Amazon has cut its workforce by 40%, according to the company’s chief financial officer.

The Seattle-based online retailer said Friday that it is cutting nearly 500 jobs as it tries to cut costs.

It said in a statement that the reductions in hiring will impact a wide range of roles and positions, including retail and fulfillment, that include more than 50% of Amazon’s workforce.

The company said that it expects its workforce to grow by 25% to 27% during the year, which would mean the number of employees at the company will be reduced by an additional 4,500 employees, according to CNBC.

The cut comes after Amazon has been hit by a number of issues, including the firing of hundreds of workers, the loss of thousands of jobs, and an increasing number of lawsuits and investigations.

Earlier this week, a judge in a class-action lawsuit against the company denied the company a preliminary injunction that would have halted its sales practices.

Amazon has faced lawsuits from customers who say the company misled them about the health risks of its products.

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