Amazon axes hundreds of staff in rare retreat

The Telegraph -

The Telegraph—Amazon has made the surprise decision to cut hundreds of positions, despite recent hiring sprees.

Amazon is laying off hundreds of employees in a 'rare' move (AMZN). Amazon is cutting hundreds of jobs at its Seattle headquarters and elsewhere, the Seattle Times reported. The cuts are mostly related to the consumer retail division of the company. The layoffs are happening amid massive growth in other parts of the company and a promise to move or hire at least 50,000 people at a new HQ. Amazon is shedding hundreds of corporate employees. The cuts are mostly in the company's retail division — the part in charge of actually selling stuff to customers —...