The majority of the roles hit by the latest cutbacks will be in its People, Experience, and Technology (PXT) and Amazon Stores businesses

The Wuhan warehouse spans 70,000 sqm and serves e-commerce, third-party logistics and cold-chain sectors.

Deutsche Bank's outlook for 2023

Demand for refinancing dropped 16.3% from two weeks earlier and was down 87% from the same period in 2021.

The total budget of the project is 7.5 million euros

The LogPark has a lettable area of around 159,000sqm.

Prices also declined for the first time since early 2020, with the median price down 5.5%.