Amazon will cut $1.7 billion in jobs at its U.K. headquarters as part of a restructuring that includes the closing of several of its fulfillment centers and a move of employees to other countries, the company said on Wednesday.
The cuts are in line with a deal struck in May to reduce the U.k. and Germany offices, which would also save $1 billion.
“We are in a transition period, and we are committed to maintaining the flexibility of our workforce and to investing in our fulfillment and fulfillment and logistics centers to provide better customer service,” Amazon said in a statement.
The move to eliminate jobs at Amazon’s U.N. headquarters in New York and its fulfillment center in Newark, New Jersey, comes as the company’s cloud computing business has been in decline.
The company has also been hit by a series of hurricanes, including a major storm that killed more than 500 people in 2017 and a series that destroyed some of its warehouses in 2017.
Amazon also reported a net loss of $4.5 billion in the first three months of 2018, a fall of about $300 million from the same period in 2017, according to the company.
The firm has reported losses in nine of the past 10 quarters, and in the third quarter, it reported a $2.4 billion loss.
Amazon said it would be taking the next three months to review the details of the restructuring, which is expected to close by the end of the year.
Amazon’s restructuring plan includes the consolidation of its distribution centers and warehouse operations in its U