The conspiracist view would be that the media-industrial complex would want to prevent the stock price of a given company from dipping, as well as help them skirt around legal issues that may arise for the company in question if everyone reports the "layoff" as such, which is not always done according to practices (there are sometimes reports in the media about such, not specifically about Amazon though).
Mass layoffs tend to make stock prices go higher, not lower... so nothing to worry about there. If the news stories were even more brutal, accusing Amazon of axing tens of thousands and then laughing when those people begged and pleaded that they wouldn't be able to afford baby formula, I think I suspect that this would be even better at closing time than some less offensive journalism.
