Amazon Cuts Hundreds of Jobs


The ever-growing online retail giant Amazon confirmed about 500 people are losing their jobs.

However, those impacted by the cutbacks were offered other positions within the company.

The company said it is part of their annual planing process, reducing some areas and aggressively hiring in many others.

News of cutbacks is unusual for Amazon, which recently reported that it employs 566,000 people around the world.

Continual adjustments to its core consumer retail business are expected as it narrows the search for HQ2.