Can Amazon Lay Off 10,000 Employees before the holiday season?

The financial and economic instability all over the world has been affecting corporations of all sizes. Did Amazon start feeling the heat now?

Overview

Amazon is one of the largest corporations in the world today, and has a huge number of warehouses where it employs thousands of workers all across the globe. It has been reported that Amazon is planning to layoff thousands of employees which can start as soon as this week. It would focus mainly on the devices organization of the company, along with the retail division, and also the Human Resources and few other divisions.