Amazon plans to lay off 10K employees: report

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Amazon plans to lay off 10K employees: report
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Amazon will reportedly lay off 10,000 employees as soon as this week amid the uncertain economic environment, according to a report. It said the number of layoffs 'remains fluid.'

Challenger, Gray & Christmas Inc. senior vice president provides insight on the economy on 'Making Money.'as soon as this week.

The cuts would affect the company's devices organization, retail division and human resources, people familiar with the matter told The New York Times. The move would mark the largest job cut in Amazon's history, representing 3% of its corporate employees and 1% of its global workforce, according to the outlet. This is a developing story. Check back for updates.

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