Amazon Is Said to Plan to Lay Off Thousands of Employees

Amazon is planning to lay off some 10,000 employees in corporate and technology jobs, the New York Times reported on Monday, citing anonymous sources with knowledge of the matter.

Amazon to lay off thousands of employees -source

The cuts, earlier reported by the New York Times, would represent about 3% of Amazon's corporate staff.

CNBC reports the latest layoff facing the tech sector with interview with comments from Amazon's Jeff Bezos and from Apple CEO Tim Cook.

Amazon did not immediately respond to CNN Business' request for comment Monday. CNN has not been able to independently confirm the report. The Wall Street Journal also reported Monday that Amazon is set to lay off thousands of workers, citing a person familiar with the matter.

Yahoo Finance's Julie Hyman discusses a New York Times report that Amazon is planning to cut thousands of workers amid a broader slowdown in tech