Amazon suspends Virginia HQ2 construction in latest cost-cutting move
Amazon’s putting the construction of its second headquarters in Virginia on hold as it looks to cut costs across the company, according to reports from Bloomberg and CNBC. While Amazon’s still expected to complete the first phase of its headquarters this June, the company’s pausing work on the larger portion of the project located across the street.
The company’s Arlington, Virginia-based headquarters, dubbed HQ2, is supposed to consist of two parts: Metropolitan Park, an “urban campus” capable of housing 25,000 workers, and PenPlace, a complex with three 22-story buildings and a corkscrew-shaped glass tower standing 350 feet tall. PenPlace, the second phase of the project, is the portion affected by the delay.
John Schoettler, Amazon’s...