Amazon Announces Mass Layoffs In Worrying Early Sign For Economy

Well, this isn’t good. “Massive layoffs” at Amazon, with nearly 18,000 jobs on the chopping block initially — and other tech giants stating they plan to shed their workforce in the days ahead.

MSN/Bing homepage headline reports “massive layoffs” underway at e-commerce giant Amazon.

Is this the start of the economic slowdown?

Simultaneously, unprecedented winds and flooding hit Northern California this week.

These stories on today’s video update: