Amazon.com, the much-ballyhooed online bookseller based in Seattle, said Friday it was laying off about 150 employees, or 2% of its workforce, in anticipation of higher-than-expected financial losses, according to wire service reports.Most of the job cuts are expected in the Seattle area.Despite coming off its highest-selling holiday season ever, the company has racked up losses totaling more than
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Amazon.com, the much-ballyhooed online bookseller based in Seattle, said Friday it was laying off about 150 employees, or 2% of its workforce, in anticipation of higher-than-expected financial losses, according to wire service reports.
Most of the job cuts are expected in the Seattle area.
Despite coming off its highest-selling holiday season ever, the company has racked up losses totaling more than $550 million. The firm is expected to report its fourth-quarter 1999 earnings Feb. 2.
