Current:Home > FinanceAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -CapitalCourse
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-14 07:41:20
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! (82)
Related
- Small twin
- Kylie Cosmetics Dropped a New Foundation & Our Team Raves, “It Feels Like Nothing Is on My Skin
- Microsoft layoffs: 1,900 workers at Activision Blizzard and Xbox to be let go
- White officer should go to trial in slaying of Black motorist, Michigan appeals court rules
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- The 'mob wife' aesthetic is in. But what about the vintage fur that comes with it?
- The economy grew a faster than expected 3.3% late last year
- School choice measure will reach Kentucky’s November ballot, key lawmaker predicts
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- U.S. sets plans to protect endangered whales near offshore wind farms; firms swap wind leases
Ranking
- The White House is cracking down on overdraft fees
- Seattle officer who said Indian woman fatally struck by police SUV had limited value may face discipline
- Mississippi legislators approve incentives for 2 Amazon Web Services data processing centers
- Steeple of historic Connecticut church collapses, no injuries reported
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- The 'mob wife' aesthetic is in. But what about the vintage fur that comes with it?
- GM's driverless car company Cruise is under investigation by several agencies
- Delaware governor proposes 8% growth in state operating budget despite softening revenue projections
Recommendation
Tom Holland's New Venture Revealed
Golden syrup is a century-old sweetener in Britain. Here's why it's suddenly popular.
Where do things stand with the sexual assault case involving 2018 Canada world junior players?
Queer Eye’s Bobby Berk Sets the Record Straight on Feud With Costar Tan France
Woman dies after Singapore family of 3 gets into accident in Taiwan
Pennsylvania’s governor says he wants to ‘get s--- done.’ He’s made it his slogan, profanity and all
Senate immigration talks continue as divisions among Republicans threaten to sink deal
Sofia Richie is pregnant, expecting first child with husband Elliot Grainge