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Amazon suspends Virginia HQ2 construction in latest cost-cutting move

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Amazon suspends Virginia HQ2 construction in latest cost-cutting move
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Amazon’s also shutting down some of its physical stores.

John Schoettler, Amazon’s head of real estate, confirmed the move in a statement toand CNBC. “We’re always evaluating space plans to make sure they fit our business needs and to create a great experience for employees,” Shoettler explains.

“And since Met[tropolitan] Park will have space to accommodate more than 14,000 employees, we’ve decided to shift the groundbreaking of PenPlace out a bit.” It’s still not clear how long Amazon will pause construction, and the company didn’t immediately respond toThe first phase’s June opening coincides with the company’s plans to bring workers, Amazon told Arlington County Board Chair Christian Dorsey that it “would proceed this year with permitting on the second phase of HQ2,” which indicates it could kick off construction on the second phase next year. “Our second headquarters has always been a multiyear project, and we remain committed to Arlington, Virginia, and the greater Capital Region,” Schoettler tells

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