What is the sentiment of this news? Please choose an answer from {strong negative/moderately negative/mildly negative/neutral/mildly positive/moderately positive/strong positive}.

The season of layoffs continues with one of the tech sector's biggest names joining the pack. Amazon (NASDAQ: AMZN ) has announced that it plans to lay off as many as 10,000 staff members and is implementing a hiring freeze.
moderately negative