Amazon will lay off 370 people at its European headquarters in Luxembourg, marking the largest job cut in the Grand Duchy in at least two decades.

Amazon decided earlier this year to lay off 14,000 people worldwide, a decision that had a significant impact at its European headquarters in Luxembourg. Over the coming weeks, Amazon is expected to lay off 370 employees locally, accounting for approximately 8.5% of the total of 4,370 employees. This level of layoffs is the largest in at least twenty years for this small country, and it also poses obstacles to the mutually beneficial relationship between Amazon and Luxembourg.