Amazon balances hundreds of job cuts with 'aggressive hiring' elsewhere

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Amazon.com Inc. is laying off hundreds of corporate employees, according to the Seattle Times. The cuts will affect "several hundred" employees at Amazon’s Seattle headquarters and "hundreds more" elsewhere in the online retailer’s global operations, an anonymous source "familiar with the cuts" told the newspaper. Amazon (Nasdaq: AMZN) has about 900 employees in Austin at The Domain. Amazon’s consumer retail businesses are the main targets of the layoffs, people familiar with the matter...

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