Current:Home > StocksAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -FutureFinance
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-17 17:16:27
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! (531)
Related
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Negotiators at a U.N. biodiversity conference reach a historic deal to protect nature
- Lift Your Face in Just 5 Minutes and Save $221 on the NuFace Toning Device
- Woody Harrelson Weighs In on If He and Matthew McConaughey Are Really Brothers
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- How Much Should Wealthier Nations Pay For The Effects Of Climate Change?
- Ready to toss out your pumpkins? Here's how to keep them out of the landfill
- Here is what scientists are doing to save Florida's coral reef before it's too late
- All That You Wanted to Know About She’s All That
- Vecinos en Puerto Rico se apoyan, mientras huracanes ponen a prueba al gobierno
Ranking
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Snow blankets Los Angeles area in rare heavy storm
- The Nord Stream pipelines have stopped leaking. But the methane emitted broke records
- Bebe Rexha Addresses Upsetting Interest in Her Weight Gain
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- They made a material that doesn't exist on Earth. That's only the start of the story.
- Hailey Bieber Recalls Facing Saddest, Hardest Moments in Her Life Since Start of 2023
- This On-Sale Amazon Dress With 17,000+ 5-Star Reviews Is the Spring Look of Your Dreams
Recommendation
Average rate on 30
News Round Up: aquatic vocal fry, fossilizing plankton and a high seas treaty
Brittany Mahomes Calls Out Disrespectful Women Who Go After Husband Patrick Mahomes
Khloe Kardashian Pitches Single K Sisters for Next Season of Love Is Blind
In ‘Nickel Boys,’ striving for a new way to see
Climate change and a population boom could dry up the Great Salt Lake in 5 years
Caitlyn Jenner Mourns Death of Mom Esther Jenner
Why Olivia Culpo Joked She Was Annoyed Ahead of Surprise Proposal From Christian McCaffrey