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Seattle Times: Amazon cutting several hundred HQ jobs

Published 02/12/2018, 01:13 PM
© Reuters.  Seattle Times: Amazon cutting several hundred HQ jobs
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  • Amazon (NASDAQ:AMZN) will cut several hundred jobs in Seattle, according to The Seattle Times sources.
  • ”Hundreds” more will be laid off elsewhere in the tech giant’s global operations including at self-publishing unit Createspace and footwear seller Zappos.
  • The layoffs primarily focus on the consumer retail business. Insiders say rapid growth left some units over budget and overstaffed.
  • Amazon broadly addresses the cuts in a statement: “As part of our annual planning process, we are making head count adjustments across the company – small reductions in a couple of places and aggressive hiring in many others.”
  • Amazon shares are up 2.7%.
  • Previously: The Information: Amazon plans to develop AI chips (Feb. 12)
  • Now read: Amazon's Magic Weapon To Become A Trillion Company


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