“This Is the First Domino”: Amazon Letting an Office Lease in Seattle Expire for Only the Second Time Ever

The major exodus by U.S. corporations out of U.S. cities continues.

The latest example is now Amazon, who is – for only the second time in Seattle – allowing one of its major office leases to expire, according to the Seattle Times. The e-commerce giant is set to move workers out of its offices in Port 99 on Eight Avenue, the report says.

The lease expires in April, according to a company spokesperson. Amazon will move “about 2,000” of its employees to office space across from its Puget Sound headquarters, the report noted.

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Amazon had just announced layoffs that would affect 18,000 employees companywide and, specifically, 2,300 employees near Puget Sound.

www.zerohedge.com/markets/first-domino-amazon-letting-office-lease-seattle-expire-only-second-time-ever

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