Amazon Laying Off Hundreds Of Employees, Primarily In Consumer Retail: Report

Amazon.com Inc. is laying off several hundred corporate employees, with the cuts happening primarily in the consumer retail business, according to a report from The Seattle Times. The number of workers in Seattle has grown to 40,000 from 5,000 since 2010, with the swift increase pushing some units over budget and not enough work for some staff members, according to the report. The layoffs are expected to be complete in the coming weeks. Read more at Market Watch.