Amazon begins massive job cuts

Amazon (AMZN) – Get a free reportthe e-commerce giant began on Tuesday to make massive job cuts to respond to an economic slowdown that is likely to turn into recession in the coming months.

The company is expected to cut 10,000 jobs, or about 3% of its corporate workforce, an unprecedented move in its history.

The owner of Whole Foods has begun notifying affected employees. Based on referrals and social media posts, the staff cuts affect several divisions, including Alexa and cloud gaming unit Luna.

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