Current:Home > reviewsAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -Wealth Nexus Pro
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-17 05:18:17
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! (34)
Related
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- Florida jurors deliberate about activists accused of helping Russia sow political division, chaos
- Apple announces new iPhone 16: What to know about the new models, colors and release date
- Hoda Kotb Sends Selena Gomez Supportive Message Amid Fertility Journey
- Trump issues order to ban transgender troops from serving openly in the military
- Video shows a SpaceX rocket launch 4-member crew for daring Polaris Dawn mission
- Kamala Harris gives abortion rights advocates the debate answer they’ve longed for in Philadelphia
- Ex-boyfriend and alleged killer of Ugandan Olympian Rebecca Cheptegei dies
- Tom Holland's New Venture Revealed
- Abortion-rights measure will be on Missouri’s November ballot, court rules
Ranking
- Sonya Massey's father decries possible release of former deputy charged with her death
- The Oklahoma Supreme Court denies a request to reconsider Tulsa Race Massacre lawsuit dismissal
- Ex-boyfriend and alleged killer of Ugandan Olympian Rebecca Cheptegei dies
- Florida law enforcers are investigating the state’s abortion ballot initiative. Here’s what to know
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Massachusetts man who played same lottery numbers for 20 years finally wins Mega Millions
- Opening statements are set in the trial of 3 ex-Memphis officers charged in Tyre Nichols’ death
- Hong Kong hits out at US Congress for passing a bill that could close its representative offices
Recommendation
Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
New Jersey Pinelands forest fire is mostly contained, official says
How to Watch the 2024 Emmys and Live From E!
What to know about the panic buttons used by staff members at Apalachee High School
Trump issues order to ban transgender troops from serving openly in the military
Adopted. Abused. Abandoned. How a Michigan boy's parents left him in Jamaica
Amid fears of storm surge and flooding, Hurricane Francine takes aim at Louisiana coast
Auburn QB Thorne says angry bettors sent him Venmo requests after loss