Current:Home > ContactAmazon 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:2025-04-12 18:25:47
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! (5)
Related
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Want to eat more whole grains? You have a lot of options. Here's what to know.
- Biden administration asks Supreme Court to block Texas from arresting migrants under SB4 law
- Jason Kelce officially hangs 'em up: Eagles All-Pro center retires after 13 seasons in NFL
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- RuPaul Charles opens up about addiction, self-worth: 'Real power comes from within'
- Single-engine plane crashes along Tennessee highway, killing those aboard and closing lanes
- After a fender bender, this pup ran a mile to her doggy daycare to seek shelter
- A South Texas lawmaker’s 15
- JetBlue and Spirit abandon their decision to merge after it was blocked by a judge
Ranking
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- 'Effective immediately': University of Maryland frats, sororities suspended amid hazing probe
- 'Effective immediately': University of Maryland frats, sororities suspended amid hazing probe
- Denver Broncos to cut QB Russell Wilson, incurring record cap hit after two tumultuous seasons
- Sonya Massey's father decries possible release of former deputy charged with her death
- See how much the IRS is sending for the average 2024 tax refund
- What is debt? Get to know the common types of loans, credit
- Dodge muscle cars live on with new versions of the Charger powered by electricity or gasoline
Recommendation
Nearly half of US teens are online ‘constantly,’ Pew report finds
Kansas continues sliding in latest Bracketology predicting the men's NCAA Tournament field
Russian drone attack kills 7 in Odesa, Ukraine says
'Effective immediately': University of Maryland frats, sororities suspended amid hazing probe
Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
Crew Dragon docks with space station, bringing four fresh crew members to the outpost
'Love is Blind' Season 6 finale: When does the last episode come out?
Never send a boring email again: How to add a signature (and photo) in Outlook