Feb 12, 2018
Amazon 'planning hundreds of layoffs'
Amazon is cutting hundreds of positions at its headquarters and global operations, a reset that comes after several years of major growth. That marked an expansion of more than 65% from the previous year after Amazon purchased Souq Group, an e-commerce firm in the Middle East, and grocer Whole Foods, which employed about 87,000 people. Amazon reported about $3bn in profit on nearly $178bn in sales last year. Last year, Amazon closed Diapers.com and other sites operated by Quidsi, which it announced a deal to acquire in 2010 for about $500m. Amazon has not notified the state of Washington of the layoff plans in Seattle, a spokesman for Washington's Employment Security Department said.
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