Amazon Layoffs to Hit 30,000 Corporate Employees (Report)

Amazon is set to lay off tens of thousands of its corporate employees this week.

As first reported by Reuters, the ecommerce giant will cut as many as 30,000 workers — nearly 10% of its corporate workforce — beginning as early as Tuesday. The layoffs come just before Amazon reports its latest quarterly earnings results on Thursday.

Representatives for Amazon did not immediately respond to request for comment Monday.

More to come…