Amazon Firing 10,000 Corporate Employees

Amazon is planning to lay off approximately 10,000 employees in corporate and technology roles beginning this week. Shares of Amazon closed down about 2% on Monday.

The cuts would be the largest in the company’s history and would primarily impact Amazon’s devices organization, retail division, and human resources, according to the report. The reported layoffs would represent less than 1% of Amazon’s global workforce and 3% of its corporate employees.

Source: CNBC