Amazon is laying off another 18,000 people as economic problems continue

Amazon on Wednesday will begin a fresh round of job cuts in what's expected to become the largest workforce cuts in its 28-year history.

Earlier this month, CEO Andy Jassy said the layoffs would affect more than 18,000 employees, primarily in its human resources and stores divisions. Amazon said in November it was looking to cut staff, including in its devices and recruiting organizations. CNBC reported at the time that the company was looking to lay off about 10,000 employees.