"Amazon HQ2: Job Losses Instead of Growth in First Year"

1 min read
Source: The Washington Post
"Amazon HQ2: Job Losses Instead of Growth in First Year"
Photo: The Washington Post
TL;DR Summary

Amazon's Northern Virginia headquarters, known as HQ2, fell behind schedule in creating new jobs, resulting in a decrease in its workforce last year instead of the expected increase. The company was supposed to add 25,000 new jobs at HQ2 by the end of the decade, but it lost more than 200 existing positions in Arlington in 2023. This slowdown may impact the amount of taxpayer subsidies it receives from Virginia. Despite the setback, Amazon has not abandoned its target of 25,000 jobs and has emphasized that the project is a long-term investment.

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