Amazon European Hub in Luxembourg Braces for Record Job Cuts
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Amazon.com Inc.’s decision earlier this year to ax 14,000 employees around the globe is reverberating at the company’s European headquarters in Luxembourg. In the coming weeks, Amazon is expected to fire 370 people, or about 8.5% of the 4,370 employees there. The terminations are the tiny nation’s largest in at least two decades and a speed bump in the mutually beneficial relationship between Amazon and Luxembourg.