A New York Times report says Amazon (AMZN) is to lay off 10,000 employees. Caroline Woods gives an update on this report. The NYT report claims AMZN will focus on the company's devices organization, retail division, and human resources. It also notes that cuts would represent about 3% of AMZN's corporate employees and less than 1% of its global workforce. Tune in to find out more about the stock market today.
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