Report: Amazon scaling back hardware development

As Amazon.com deals with the fallout from a New York Times article over working conditions, another media outlet reports the retailer is scaling back its consumer device division and laying off dozens of employees in its hardware development center.

The division, called Lab126, last year released a flurry of 10 devices, including a television set-top box, the Echo and a wand for scanning bar codes at home, according to the Wall Street Journal.

But now Amazon is cutting back how much it spends on developing hardware in lieu of putting more capital into products that will lead to higher consumer spending on Amazon.com.

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