Amazon paused the next phase of construction on its second headquarters in Arlington, Va.

Closing Bell

Amazon Pauses Construction On Second HQ

And Amazon pausing the next phase of construction on its second headquarters known as HQ two in Arlington, Virginia. Penn Place is gonna feature three skyscrapers retail space in the 350 ft tall Helix Tower. You see it there, Amazon confirming it's gonna welcome about 25,000 workers when construction is completed. But the project's initial phase, Metropolitan Park still set to open in June. Amazon's had a real estate saying in a statement that met park and accommodate up to 14,000 workers but is expected to have about 8000 employees at its opening. Now, the delay following the biggest round of layoffs in the company's history when it did announce it was gonna be shutting 18,000 workers earlier this year, the technique commerce giant has been taking measures to cut costs as it does see revenue growth slowing down. That's been the case actually for quite some time now but still Amazon stock up 3%.