Amazon to close 10 million jobs, and its digital business to suffer a $50 billion loss

Amazon is closing 10 million retail jobs, including 3,000 in California, as it seeks to eliminate costs and reduce debt in a dramatic shift that could affect the company’s digital business.The retailer said Wednesday it was eliminating 3,100 jobs and cutting more than 500 jobs in its digital operations, while cutting other positions.The layoffs are …