WSJ: Amazon layoffs to hit over 18,000 workers, the most in recent tech wave

THE WALL STREET JOURNAL reports:

Amazon. AMZN -0.79% com Inc.’s layoffs will affect more than 18,000 employees, the highest reduction tally revealed in the past year at a major technology company as the industry pares back amid economic uncertainty.

The layoffs are concentrated in the company’s corporate ranks and represent roughly 5% of that element of its workforce, and 1.2% of its overall tally of 1.5 million employees as of September.

The Seattle-based company in November said that it was beginning layoffs, with ...