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Amazon plans hundreds of lay-offs

A worker boxes orders at the Amazon Fulfillment Center on August 1, 2017 in Robbinsville, New Jersey.

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Getty Pictures

Amazon is chopping a whole bunch of positions at its headquarters and world operations, a transfer that comes after a number of years of serious progress.

The cuts have been first reported by the Seattle Instances, which mentioned the actions are targeted on streamlining the agency’s shopper retail enterprise.

Amazon mentioned it’s working to supply affected workers new roles.

It mentioned it expects “small reductions in a few locations and aggressive hiring in lots of others”.

Amazon, which lists hundreds of job openings on its web site, has expanded quickly in recent times, each via skyrocketing gross sales and acquisitions of corporations similar to grocer Complete Meals.

The corporate reported about $3bn (£2.2bn) in revenue on practically $178bn in gross sales final yr.

Its fourth-quarter gross sales rose by 38% to hit a quarterly file of $60.5bn, whereas earnings for the three-month interval greater than doubled to $1.9bn, in contrast with $749m within the final three months of 2016.

The figures have been boosted by a tax advantage of about $789m associated to the brand new US tax legislation.

Amazon counted greater than 560,000 full and part-time staff worldwide on the finish of December, an enlargement of greater than 65% from the earlier yr.

The agency’s web site exhibits lots of the new positions report back to Amazon Internet Companies, the agency’s worthwhile cloud computing division.

The agency can be increase items targeted on the corporate’s Alexa robotic and different units.

Earlier consolidations on the firm have led to lay-offs in some areas.

Final yr, Amazon closed and different websites operated by Quidsi, which it introduced a deal to amass in 2010 for about $500m. That led to greater than 260 lay-offs in New Jersey.

Updated: February 13, 2018 — 9:23 am

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