Amazon is about to make some serious layoffs. Is the company in trouble?

John Minchillo, AP

Amazon Prime Now bags full of groceries are loaded for delivery by a part-time worker outside a Whole Foods store, Thursday, Feb. 8, 2018, in Cincinnati. Amazon, which owns Whole Foods, plans to roll out two-hour delivery at the organic grocer this year to those who pay for Amazon’s $99-a-year Prime membership. Amazon.com Inc. said deliveries started Thursday in Austin, Texas; Cincinnati; Dallas; and Virginia Beach, Va. (AP Photo/John Minchillo)

In a move to reduce the number of management positions, Amazon will cut hundreds of corporate employees, according to The Seattle Times.

The pending layoffs come after Amazon started a hiring freeze last year, and as the company looks to expand to a second headquarters location, The Seattle Times reported.

Amazon expects the cuts to be in the low hundreds, which is “modest for a company that is now the second-largest U.S.-based corporate employer, and pales in comparison to adjustments in recent years that saw Microsoft and Boeing eliminate thousands of jobs in a single cutting drive,” according to The Seattle Times.

“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,” an Amazon spokesperson told CNBC. “For affected employees, we work to find roles in the areas where we are hiring.”

Amazon will continue to hire in other areas of its company, like distribution.

Amazon set the benchmark for hiring over the past few years, according to CNBC, creating 130,000 jobs in 2017 alone. Amazon added another 90,000 jobs when it acquired Whole Foods.


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