Amazon.com Inc.
The new year started with a string of corporate layoffs. The Wall Street Journal reported that $Amazon(AMZN.US)$'s layoffs will now affect more than 18,000 employees and focus on its corporate ranks, exceeding the e-commerce giant's earlier projections. Meanwhile, business-software provider Salesforce Inc. on Wednesday said it would lay off 10% of its workforce, and the online styling company $Stitch Fix(SFIX.US)$ on Thursday announced cuts of 20% of salaried jobs as its chief executive stepped down. Amazon shares ended 2.4% lower Thursday.
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