The reported layoffs would affect about 3% of Amazon's corporate employees and less than 1% of its global workforce. The company has more than 1.5 million workers worldwide. The New York Times reported the mass layoffs could begin as soon as this week and will focus on Amazon's devices organization, retail division and human resources, citing people with knowledge of the move who were not authorized to speak publicly. A recent report from market analysis firm Finbold found Amazon had lost 45% of its value in the past year, from $1.6 trillion on Jan. 1 to $939 billion on Nov. 3. Other companies, including Apple and Microsoft, also saw drops in value. Other major tech companies have announced similar moves in recent weeks. Visit the link in bio for more information.