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Amazon to lay off 10K employees, FTX saga update, Shopify's reverse AR platform & more | E1612
This Week in Startups
Amazon CEO Announces 10,000 Executive Layoffs
The layoffs could start as soon as this week and would focus specifically on corporate employees in the devices organization. Amazon S330,000 corporate employees has 1.6 million total global employees when you include delivery drivers and warehouse workers. 3% is the smallest riff reduction in force that we've seen. It's almost not even worth announcing a 3%.
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