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Amazon is laying off hundreds of employees

Amazon Spheres
The Amazon Spheres at the company's Seattle headquarters. Photo: The Washington Post via Getty Images

Amazon plans to lay off hundreds of employees in its consumer retail division both at its Seattle headquarters and elsewhere around the globe, per a report from The Seattle Times. The tech giant — known for its efficiently brutal performance requirements — is making the cuts to overstaffed teams after years of rapid growth.

Yes, but: The layoffs reflect signs of minor retooling rather than any indication of doom at Amazon. The company has over 500,000 employees worldwide — and 12,500 open corporate roles on its hiring website.