Amazon cuts hundreds of jobs from its Seattle HQ due to ‘overstaffing’


Amazon is cutting several hundred corporate employees from its Seattle headquarters and global operations, reports The Seattle Times. The cuts are mostly from the consumer retail division and come as rapid growth has reportedly left some of Amazon’s various departments over budget, and some teams overstaffed. Amazon is the second largest US-based corporate employer, and the company has gone on a hiring spree over the past two years — with its Seattle headcount swelling from 5,000 people to more than 40,000.

Some employees have been notified that their roles have been made redundant, and the layoffs are expected to be completed over the next few weeks. “As part of our annual planning process, we are making head count adjustments across...

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via The Verge - Tech Posts "http://ift.tt/2F1F4mt"

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