// Amazon to sublet its UK warehouses as it halts growth plans
// The online retailer was previously aiming to open more warehouse space across the UK
Amazon is looking to sublet its UK warehouses as it halts growth plans following its worst annual loss on record.
The online retailer was previously aiming to open more warehouse space across the UK as it capitalises on online spending.
However, the retailer has noticed a decline for online orders in recent months.
It has lost around 30% of its value over the past year due to inflation concerns.
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LinkedIn posts from the past year have suggested that one Amazon facility has been fitting out in Bracknell. The site is among those looking to offload.
Amazon is not expected to sublet warehouses it is currently using, but instead those which it had taken but had not moved into, The Telegraph reported.
The news comes after Amazon looks to close three warehouses in the UK, which will affect 1,200 jobs,
Earlier this month, the fulfilment centres in Hemel Hempstead, Doncaster and Gourock, in the west of Scotland, were all been proposed for closure.
An Amazon spokesperson said that all the workers affected by the cuts will be offered roles at other existing Amazon locations.
