Current:Home > NewsAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -StockSource
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-16 19:34:31
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! (84939)
Related
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Salt Lake City celebrates expected announcement that it will host the 2034 Winter Olympics
- U.S. home prices reach record high in June, despite deepening sales slump
- Biles, Richardson, Osaka comebacks ‘bigger than them.’ They highlight issues facing Black women
- Meta donates $1 million to Trump’s inauguration fund
- Psst! Madewell’s Sale Has Cute Summer Staples up to 70% Off, Plus an Extra 40% off With This Secret Code
- Tesla’s 2Q profit falls 45% to $1.48 billion as sales drop despite price cuts and low-interest loans
- Matthew Stafford reports to training camp after Rams, QB modify contract
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Biden Administration Targets Domestic Emissions of Climate Super-Pollutant with Eye Towards U.S.-China Climate Agreement
Ranking
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- NHRA legend John Force released from rehab center one month after fiery crash
- Federal court won’t block New Mexico’s 7-day waiting period on gun purchases amid litigation
- New owner nears purchase of Red Lobster after chain announced bankruptcy and closures
- Buckingham Palace staff under investigation for 'bar brawl'
- Dream Ignited: SCS Token Sparks Digital Education and Financial Technology Innovation
- Secret Service Director Kimberly Cheatle resigns after Trump shooting security lapses
- Gunman opens fire in Croatia nursing home, killing 6 and wounding six, with most victims in their 90s
Recommendation
See you latte: Starbucks plans to cut 30% of its menu
Hailee Steinfeld and Buffalo Bills quarterback Josh Allen go Instagram official in Paris
New York’s Marshes Plagued by Sewage Runoff and Lack of Sediment
Surprise blast of rock, water and steam sends dozens running for safety in Yellowstone
The Super Bowl could end in a 'three
New York City’s Marshes, Resplendent and Threatened
Hailee Steinfeld and Buffalo Bills quarterback Josh Allen go Instagram official in Paris
Kamala IS brat: These are some of the celebrities throwing their support behind Kamala Harris' campaign for president