Amazon has been busy this month grabbing a big chunk of office space in Southern California, enlarging its overall office footprint in SoCal to 1.5M SF. The e-commerce giant recently signed leases for a combined 439K SF of office space in Santa Monica, Irvine and San Diego.
Amazon, which is building a mammoth second headquarters that has room to grow to 8M SF of office space at its HQ2 complex under construction in Arlington, VA, says it's planning to add more than 2,500 corporate and tech jobs in Southern California.
This may sound like a contradiction based on the surprising news that came out of Amazon's Q1 earnings call, when CFO Brian Olsavsky disclosed that Amazon had posted its first quarterly loss since 2015, losing nearly $4B in Q1 2022.
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