Tuesday in CE: Amazon Cuts Several Hundred Jobs in Rare Round of Layoffs

In a rare move, Amazon has laid off a few hundred corporate employees at their Seattle HQ, along with more spread across their global operations. The layoffs are primarily focused on Amazon’s consumer retail businesses, according to two people familiar with the matter says The Seattle Times. 

Surprisingly, Amazon reports that they are overstaffed, despite being the second largest US-based corporate employer. On the other hand, it doesn't sound like this is a money issue. The 40,000 and change employees at Amazon's HQ probably suffered a lot of redundancies.

“As part of our annual planning process, we are making headcount adjustments across the company — small reductions in a couple of places and aggressive hiring in many others,” a spokesman told The Seattle Times. Amazon said there would be opportunities for redeployment within the company.