Amazon pauses construction of second headquarters in Virginia
171 Articles
171 Articles
Amazon Pauses Headquarter Construction in Virginia After Revenue Losses
Amazon has decided to pause construction activities at its second headquarters in Arlington, Virginia, following a poor 2022 financial performance that saw the company register over $2 billion in losses. The Seattle-based e-commerce giant is developing its Arlington base, HQ2, in two phases—the Met Park and PenPlace. The company has decided to pause construction in PenPlace as Met Park is believed to be enough to house the firm’s existing employ…
Amazon pauses construction of second headquarters in Virginia amid mass layoffs, economic uncertainty
The Seattle-based company is delaying the beginning of construction of PenPlace, the second phase of its headquarters development in northern Virginia, Amazon's real estate chief John Schoettler said in a statement.
Amazon pauses construction on 2nd headquarters in Virginia
Amazon is pausing construction of its second headquarters in Virginia following the biggest round of layoffs in the company’s history and its shifting plans around remote work. The Seattle-based company is delaying the beginning of construction of PenPlace, the second phase of its headquarters...
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