Amazon Cuts Hundreds of Jobs From Its Seattle HQ

Amazon has cut hundreds of its retail employees from its Seattle headquarters and global operations. These cuts come in the midsts of rapid growth within the corporation's various departments, which have become over budgeted and overstaffed, going from 5,000 employees to 40,000 in the span of two years. "As part of our annual planning process, we are making headcount adjustments across the company -- small reductions in a couple of places and aggressive hiring in many others," an Amazon spokesma...