Amazon plans hundreds of layoffsAmazon is cutting hundreds of positions at its headquarters and global operations, a reset 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. The firm's website shows many of the new positions report to Amazon Web Services, the firm's profitable cloud computing division. Previous consolidations at the company have led to layoffs in some areas. Last year, Amazon closed Diapers.com and other sites operated by Quidsi, which it announced a deal to acquire in 2010 for about $500m.

Source: VietNamNet News February 12, 2018 21:45 UTC