Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
US President Donald Trump arrives in Saudi Arabia, beginning Gulf trip that includes Qatar, UAE.
Support and Stability Apparatus (SSA) chief Abdel Ghani al-Kikli confirmed dead.
Gunfire heard in various areas of the Libyan capital of Tripoli.
Libyan sources: The Ministry of Interior urges all citizens in Tripoli to remain in their homes.
Libyan sources: Air traffic halted at Tripoli Airport following reports of the death of Support and Stability Apparatus (SSA) chief Abdel Ghani al-Kikli.
Libyan sources: Clashes and military movements reported inside the capital, Tripoli.
Sheikh Qassem: Lebanese officials must also prioritize rebuilding the state economically and socially, as well as returning the depositors’ funds.
Sheikh Qassem: The second priority is reconstruction, and I call on the Lebanese government to place this item first on the agenda of its next session.
Sheikh Qassem: Lebanese officials must prioritize ending Israeli aggression, its violations, its occupation, and securing the release of prisoners.
Sheikh Qassem: We are part of the new era and partners in its benefits, and we want those who previously took certain stances for specific reasons to reconsider them in order to build the country.

Amazon suspends construction second HQ amid layoffs

  • By Al Mayadeen English
  • Source: Agencies
  • 3 Mar 2023 21:06
2 Min Read

According to Amazon real estate executive John Schoettler, Amazon will be suspending work on its "HQ2" building in Arlington, Virginia.

  • x
  • The Amazon app icon is seen on a smartphone, Tuesday, Feb. 28, 2023, in Marple Township, Pa (AP Photo/Matt Slocum)
    The Amazon app icon is seen on a smartphone, Tuesday, Feb. 28, 2023, in Marple Township, Pa (AP Photo/Matt Slocum)

After layoffs and salary cutbacks for thousands of employees in recent months, Bloomberg reported that Amazon has halted construction of its second corporate headquarters in Virginia. 

Citing Amazon real estate executive John Schoettler, Bloomberg reported that  Amazon will be suspending work on its "HQ2" building in Arlington, Virginia.

Check out: 2022, a bad year for US tech companies

The decision to suspend construction follows Amazon's recent decrees to lay off more than 17,000 employees. Due to decreasing stock prices, US media claimed in February that salaries of Amazon employees will be subject to 15-50% reductions.

After doubling its shipping network and hiring hundreds of thousands of employees during the COVID-19 pandemic, Amazon now is aiming to decrease expenses after the general decrease in demand for online shopping with Covid mobility restrictions being generally lifted.

According to the report, construction on Amazon's HQ2 was approaching completion and is still anticipated to be finished as scheduled however no new start date has been provided. 

Related News

'Israel', US rank lowest in global reputation, survey reveals

Iran warns of irreversible tensions if Europe triggers JCPOA snapback

The first phase of completion has been finalized however the larger second phase of development will be halted. 

Read more: Amazon’s Shadow lies on People of Color and low-income Residents Only

The report also added that the suspension might cause problems for local developers, construction workers, and service employees who rely on Amazon's development in the region.

The site of the second phase of construction is reported to include 22-story office buildings, a corporate conference center, and an indoor garden totaling around 2.8 million square feet.

Read more: Philips to fire another 6,000 employees worldwide by 2025
 

In the same context, back in January, brand evaluation consultancies assessed that Amazon's stock value had plunged to $299.3 billion from $350.3 billion just over the past year as its rating fell to AAA from AAA+ per post-pandemic consumer evaluation. 

However, despite the sharp decline in profits Brand Finance Global ranked Amazon as the as world's most valuable brand although it lost $51 billion in 2022. 

 

  • US
  • Amazon
  • Virginia

Most Read

Trump cut off contact with Netanyahu, senior Israeli official says

Trump cut off contact with Netanyahu: Israeli media

  • US & Canada
  • 9 May 2025
Pakistan downs an Indian jet and hits a military base in Kashmir escalation.

Pakistan downs 3 Indian jets, hits military base in Kashmir escalation

  • Politics
  • 7 May 2025
A Yemeni gunman walks past paintings depicting rockets and scenes in solidarity with Gaza, displayed on a roadside fence in Sanaa, Yemen, Monday, May 5, 2025 (AP)

Oman brokers US-Yemen ceasefire, Israelis in dark regarding deal

  • Politics
  • 6 May 2025
Saree

Yemeni Armed Forces target key Israeli sites, USS Truman

  • MENA
  • 7 May 2025

Coverage

All
Gaza prevails against genocide

Read Next

All
Hezbollah Secretary-General Sheikh Naim Qassem gives a speech to commemorate martyr Sayyed Mustafa Badreddine on May 12, 2025 (Al Mayadeen Screengrab)
Politics

Israeli pressure doomed to fail, Resistance to prevail: Sheikh Qassem

AP
Politics

'Israel is spiraling' amid Gaza war, internal fractures: The Nation

UNIFIL
Politics

'Israel' hindering Lebanese Army deployment in south: UNIFIL

The scene at BBC Broadcasting House in London, after red paint was sprayed over the entrance. (AP)
Politics

UK journalists given guidebook after failing on covering Gaza genocide

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS