Amazon to cut corporate staff

Amazon is in the process of laying off several hundred employees at its Seattle headquarters. It is laying off hundreds of additional employees throughout its global operations, as well. Most of these cuts are affecting employees throughout the company’s consumer retail businesses.

The cuts are a rare move for the retailer and follow two years of rapid growth at the retailer, which has caused some units to be over budget and without enough work. Notably, Amazon is the second-largest U.S.-based corporate employee, so this number of layoffs are relatively “modest, ” according to The Seattle Times.

The layoffs are expected to be completed in the next few weeks, and the company said it will work to find new positions elsewhere in the company for affected employees.

This news was first published in our sister publication, VMSD.