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Amazon's strong numbers and positive outlook for the next quarter came after the company cut more than 27,000 employees in the last several months in one of the biggest job culls in the industry.
The company has announced two rounds of layoffs, cancelled products, and nixed physical store expansions, according to CNN Business.
In 2019, Amazon pocketed $60 billion in seller fees and this year, its take will soar to $121 billion, according to the report titled 'Amazon's Toll Road' by the Institute for Local Self-Reliance.