Current:Home > reviewsAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -FundTrack
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-11 15:33:46
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! (96466)
Related
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- US ambassador visits conflict-ridden Mexican state to expedite avocado inspections
- Stock splits make Nvidia and Chipotle shares more affordable. Should you buy them?
- Plane with 2 on board makes emergency beach landing on New York’s Fire Island. No injuries reported
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Sean Penn is 'thrilled' to be single following 3 failed marriages: 'I'm just free'
- Missouri, Kansas judges temporarily halt much of President Biden’s student debt forgiveness plan
- Video: Two people rescued after plane flying from Florida crashes into water in Turks and Caicos
- Travis Hunter, the 2
- Sen. Bob Menendez's Egypt trip planning got weird, staffer recalls at bribery trial
Ranking
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Hillary Clinton to release essay collection about personal and public life
- Dali, the cargo ship that triggered Baltimore bridge collapse, set for journey to Virginia
- What is Saharan dust and how will a large wave of it heading for Florida affect storms?
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Who is being targeted most by sextortion on social media? The answer may surprise you
- Parisians threaten to poop in Seine River to protest sewage contamination ahead of Paris 2024 Summer Olympics
- Charli XCX reportedly condemns fans for dissing Taylor Swift in concert chant: 'It disturbs me'
Recommendation
Biden administration makes final diplomatic push for stability across a turbulent Mideast
Lionel Messi celebrates birthday before Argentina's Copa América match vs. Chile
Katy Perry wears barely-there cutout dress for Vogue World: Paris
Timeline of the Julian Assange legal saga over extradition to the US on espionage charges
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
US surgeon general declares gun violence a public health emergency
Boy who died at nature therapy camp couldn’t breathe in tentlike structure, autopsy finds
Missouri, Utah, Nebraska slammed by DOJ for segregating adults with disabilities