Amazon plans hundreds of lay-offs

Amazon is cutting hundreds of positions at its headquarters and global operations, a move that comes after several years of significant growth. The cuts were first reported by the Seattle Times, which said the actions are focused on streamlining the firm’s consumer retail business. Amazon said it is working to offer affected staff new roles. It said it expects “small reductions in a couple of places and aggressive hiring in many others”. Amazon, which lists thousands of job openings on its website, has expanded rapidly in recent years, both through…

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