Amazon Halts Hiring in Retail Division. The Stock’s Two-Day Rally Also Pauses.

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Amazon


stock moved lower on Wednesday after reports of the firm pausing hiring in its retail segment surfaced, a sign that it’s trying to control costs amid slowing sales.

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The company (ticker: AMZN) is pausing recruitment for corporate roles, including tech positions in its retail business, until the end of the year, according to the New York Times, which cited an internal email. The freeze doesn’t apply to its profitable


Amazon


Web Services cloud computing business or its warehousing network.

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