Amazon Quiet on Reported Plans for 10K Layoffs

Amazon didn’t respond to questions Monday about reported sweeping layoffs, some beginning this week. The approximately 10,000 layoffs would be the largest job cuts in Amazon’s history, said a Monday New York Times article. The report comes just over a month after Amazon said it was hiring 150,000 employees -- full time, seasonal and part time -- to meet expected holiday season fulfillment needs. Then, it was offering up to $3,000 in signing bonuses and touted a nearly $1 billion investment in additional pay over the next year.