--Amazon.com Inc. is pausing construction on its massive second headquarters in Arlington, Va., Bloomberg reports, citing a statement from Amazon real-estate chief John Schoettler.

--Mr. Schoettler says Amazon remains committed to the project near Washington, Bloomberg reports, adding that the construction moratorium will delay the e-commerce giant's full arrival at its biggest real-estate project.

--The pause coincides with Amazon's deepest ever job cuts and a reassessment of office needs to account for remote work, Bloomberg reports.

 

Full story: https://www.bloomberg.com/news/articles/2023-03-03/amazon-hq2-pauses-construction-amid-layoffs-remote-work?srnd=premium&sref=cvDKYV7o

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

March 03, 2023 10:37 ET (15:37 GMT)

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