Its stock fell more than 1% on Thursday and is half the price it was a year ago. Amazon has more than 1.5 million workers including warehouse staff, making it America's second-largest private employer after Walmart Inc. Jassy indicated its cuts extend to Europe. Jassy said in the note that annual planning "has been more difficult given the uncertain economy and that we've hired rapidly over the last several years". The reductions will bring Amazon's corporate workforce closer to September 2021 levels, when it told Reuters this headcount numbered around 275,000 people globally.