Current:Home > MyAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -Edge Finance Strategies
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-17 12:54:00
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! (3)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- EPA bans asbestos, finally slamming the door on carcinogen that kills tens of thousands of Americans every year
- MacKenzie Scott donates $640 million -- more than double her initial plan -- to nonprofit applicants
- Chocolate is getting more expensive as the global cocoa supply faces a shortage
- South Korean president's party divided over defiant martial law speech
- Hope for Israel-Hamas war truce tempered by growing rift between Netanyahu and his U.S. and European allies
- Judge dismisses suit against Delaware court officials filed by blind man who was wrongfully evicted
- A California city wrestles with its history of discrimination against early Chinese immigrants
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Horoscopes Today, March 18, 2024
Ranking
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- US farms are increasingly reliant on contract workers who are acutely exposed to climate extremes
- Fabric and crafts retailer Joann files for Chapter 11 bankruptcy protection: What to know
- Kansas car dealer indicted for rolling back odometers as cases surge nationwide
- See you latte: Starbucks plans to cut 30% of its menu
- Suspect accused of killing 3 Muslim men in Albuquerque found guilty of murder
- MLB 2024: Splashy Ohtani, Yamamoto signings boost Dodgers as teams try to dethrone Rangers
- Oprah Winfrey Shares Why Her Use of Weight Loss Drugs Provided “Hope”
Recommendation
Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
Man falls to his death from hot-air balloon in Australia, leaving pilot and passengers traumatized
Arizona lawmaker resigns after report of sexual misconduct allegation in college
First flight of Americans from Haiti lands at Miami International Airport to escape chaos
US appeals court rejects Nasdaq’s diversity rules for company boards
Gardening bloomed during the pandemic. Garden centers hope would-be green thumbs stay interested
The average bonus on Wall Street last year was $176,500. That’s down slightly from 2022
2 Vermont communities devastated by summer flooding seek $3.5M to elevate homes for victims