Amazon.com Inc. plans to cut about 10,000 jobs, the largest ever headcount reduction at the e-commerce giant as it braces for slower growth and a possible recession. The layoffs are said to target the devices group, retail divisions and human resources, according to people familiar with the matter.
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Global Inflation Concerns
Inflation across the developed world is surging, with the rising cost of living expenses at the highest level since the 1980s.