Amazon plans hundreds of lay-offs

BBC News -

BBC News—The e-commerce giant has grown rapidly in recent years but is now closing jobs in Seattle and worldwide.

Amazon lays off hundreds of employees. Amazon is laying off hundreds of employees, a source familiar with the matter told CNN. The majority of the layoffs are affecting the company's Seattle headquarters, but some global teams may be affected as well, according to the source. The process of notifying employees has already started, the source said. The affected departments are more mature areas of Amazon's business, such as its online retail operations. Amazon confirmed the layoffs in a statement sent to CNN. "As part of our annual...