New York Times: Amazon plans to lay off thousands of employees | CNN Business

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New York Times: Amazon plans to lay off thousands of employees | CNN Business
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Amazon is planning to lay off some 10,000 employees in corporate and technology jobs, the New York Times reports, citing anonymous sources with knowledge of the matter

The job cuts could start as early as this week, and will likely include staff working on Amazon\n \n devices , as well as people in its retail and human resources divisions, according to the report. “The total number of layoffs remains fluid,” the report stated. Amazon did not immediately respond to CNN Business’ request for comment Monday. CNN has not been able to independently confirm the report.

Earlier this month, Amazon said it was freezing corporate hiring “for the next few months,” citing economic uncertainty and “how many people we have hired” in recent years. Amazon rapidly grew its headcount as the pandemic shifted consumer habits and spending towards e-commerce. In its most-recent earnings report, however, Amazon forecast its revenue for the holiday quarter would be lighter than analysts had expected.

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