Per CNBC
Amazon started its 10,000-employee layoff. Workers in the Alexa and Luna cloud gaming unit were let go.
Amazon will be laying off jobs in retail, devices, and human resources. Amazon also started laying off contracted employees in advertising, internal operations, and Fire TV divisions.
On top of pausing hiring, the company halted experimental projects and closed, delayed, or canceled new warehouse locations.
The company still plans to bring in 150,000 employees to handle the holiday shopping period.
See full $AMZN flow at unusualwhales.com/flow.
