According to @StockMKTNewz, state labor filings in New York, California, New Jersey, and Washington indicate that nearly 40% of the more than 4,700 Amazon job cuts disclosed in those states were engineering roles, source: state WARN notices via CNBC. CNBC reported these reductions are part of Amazon’s record layoffs, source: CNBC. Traders in equities and crypto are monitoring this mega-cap headline given documented periods of positive BTC–Nasdaq correlation that can influence cross-asset risk sentiment, source: Kaiko Research.