Amazon suspends Virginia HQ2 building in newest cost-cutting transfer

A photo showing Amazon’s HQ2 building under construction in Arlington, Virginia
Amazon’s HQ2 challenge in Arlington, Virginia. | Picture: Getty Photos

Amazon’s placing the development of its second headquarters in Virginia on maintain because it appears to be like to chop prices throughout the corporate, as reported earlier by Bloomberg and CNBC. Whereas Amazon’s nonetheless anticipated to finish the primary part of its headquarters this June, the corporate’s pausing work on the bigger portion of the challenge situated throughout the road.

The corporate’s Arlington, Virginia-based headquarters, dubbed HQ2, is meant to encompass two components: Metropolitan Park, an “city campus” able to housing 25,000 staff, and PenPlace, a posh with three 22-story buildings and a corkscrew-shaped glass tower standing 350 ft tall. PenPlace, the second part of the challenge, is the portion affected by the delay.

John Schoettler, Amazon’s…

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