Amazon (AMZN) is cutting hundreds of jobs at its Seattle headquarters in a rare set of layoffs for the online retailing giant, according to a media report.
The company will also cut hundreds more jobs in other parts of Amazon’s operations, the Seattle Times reported on Monday, citing a person familiar with the eliminations.
An Amazon spokesman told Fortune that “as part of our annual planning process, we are making head count adjustments across the company—small reductions in a couple of places and aggressive hiring in many others.”
According to the Times, the Amazon layoffs are the result of the quick growth of late that saw it end up with too much staff in some units. The paper also said managers are under pressure to squeeze out lower-caliber employees and show more spending discipline. “Amazon has a problem right now with overpopulation,” one unnamed engineer told the Times.
From: fortune.com