Current:Home > StocksAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -InvestTomorrow
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-13 06:02:48
Amazon is cutting another 9,000 workers, adding to the massive downsizing happening across an embattled tech sector that is uncertain about the economic future.
The layoffs will happen "in the next few weeks," according to CEO Andy Jassy, who announced the cuts in a memo shared with staff and uploaded in a blog post on Monday.
"This was a difficult decision, but one that we think is best for the company long term," Jassy wrote in the memo. He said the layoffs will mostly hit employees in its cloud platform, people's experience department that works with employees, advertising, and the Twitch video service.
Earlier this year, Jassy announced the company would lay off 18,000 workers. Last November he'd said there were eliminations coming and a media report at the time put the expected number of layoffs at closer to 10,000.
The company has also paused construction on its headquarters in Arlington, Virginia, a space that was expected to bring more than 25,000 jobs to the region.
Like other Big Tech companies, Amazon's workforce ballooned during the pandemic, reaching a peak of 1.6 million employees in 2021.
The rapid hiring "made sense given what was happening in our businesses and the economy as a whole," said Jassy on Monday. "However, given the uncertain economy in which we reside, and the uncertainty that exists in the near future, we have chosen to be more streamlined in our costs and headcount."
Jassy said the company aims to make final decisions on impacted roles by "mid to late April."
veryGood! (6)
Related
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Hurricanes vs. typhoons vs. cyclones: What's the difference between the three types of storms?
- How Kieran Culkin Felt About Macaulay Culkin's Home Alone Fame
- Russia claims to repel new attacks by Ukraine, but Kyiv urges silence on long-awaited counteroffensive
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Scientists claim remarkable evidence that ancient human relatives buried their dead 240,000 years ago
- Many Afghans who fled Taliban takeover two years ago are still waiting for asylum in U.S.
- Hilary Duff’s Son Luca Comrie Is All Grown Up in Rare Outing in London
- Nevada attorney general revives 2020 fake electors case
- See Adriana Lima's Lookalike Daughters Make Rare Red Carpet Appearance
Ranking
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Japan shooting and knife attack in Nagano reportedly leaves 3 dead, including 2 police officers
- Afghanistan school girls poisoned in 2 separate attacks, officials say, as Taliban vows to find perpetrators
- Why June 2023's full moon is called the strawberry moon — and what it will look like when it lights up the night
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Tom Brady Shares Glimpse Inside Beach Day With His 3 Kids and NFL BFFs
- The History of Jennifer Aniston's Adorable Friendship With Adam Sandler
- Keanu Reeves Shares Rare Insight Into His Relationship With Alexandra Grant
Recommendation
At site of suspected mass killings, Syrians recall horrors, hope for answers
The Bachelor Finale: Gabi's Biggest Bombshell About Zach Revealed
India train accident that killed nearly 300 people caused by signal system error, official says
Savannah Chrisley Shares How She's Avoiding Negativity Amid Parents Todd and Julie's Prison Stay
Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
Sisters Dakota and Elle Fanning Are Polar Opposites in Rare Red Carpet Appearance Together
Jennifer Lopez's Red Carpet Date With Ben Affleck Will Have You Floating on Air
Chinese fighter jet harassed U.S. Air Force spy plane over South China Sea