Current:Home > InvestAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -FutureWise Finance
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-14 03:03:14
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! (945)
Related
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- New Democratic minority leader in Georgia Senate promises strong push for policy goals
- Alabama high school football player died from a heart condition, autopsy finds
- Winnipeg Jets improve to 14-1, setting record for best NHL start
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Man charged with participating in march with flaming torch has pleaded guilty to lesser charge
- Pretty Little Liars' Brant Daugherty Reveals Which NSFW Movie He Hopes His Kids Don't See
- Sophia Bush's Love For Wicked Has a Sweet One Tree Hill Connection
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Years of shortchanging elections led to Honolulu’s long voter lines
Ranking
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- How many points did Cooper Flagg score tonight? Freshman gets double-double despite cramps
- Kevin Costner's dark 'Yellowstone' fate turns Beth Dutton into 'a hurricane'
- New Federal Funds Aim to Cut Carbon Emissions and Air Pollution From US Ports
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Should you sell your own home? Why a FSBO may look more tempting
- Dua Lipa Cancels Concert Due to Safety Concerns
- Ella Emhoff Slams Rumors She's Been Hospitalized For a Mental Breakdown
Recommendation
SFO's new sensory room helps neurodivergent travelers fight flying jitters
Slower winds aid firefighters battling destructive blaze in California
Phoenix Suns' Kevin Durant out at least two weeks with left calf strain
Gender identity question, ethnicity option among new additions being added to US Census
Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
Republican US Rep. Eli Crane wins second term in vast Arizona congressional district
49ers' Nick Bosa fined for wearing MAGA hat while interrupting postgame interview
Arizona Republican lawmaker Justin Heap is elected recorder for the state’s most populous county