Current:Home > StocksAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -TradeGrid
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-15 15:34:06
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! (51854)
Related
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Cracks in Western wall of support for Ukraine emerge as Eastern Europe and US head toward elections
- Brian Austin Green and Sharna Burgess Are Engaged: You’ll Be Dancing Over Her Stunning Diamond Ring
- John Wilson brags about his lifetime supply of Wite-Out
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- New York City further tightens time limit for migrants to move out of shelters
- Brewers 1B Rowdy Tellez pitches final outs for Brewers postseason clinch game
- Vaccines are still tested with horseshoe crab blood. The industry is finally changing
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- World's greatest whistler? California competition aims to crown champ this weekend
Ranking
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- 20,000 Toyota Tundras have been recalled. Check if your vehicle is impacted
- UNGA Briefing: Nagorno-Karabakh, Lavrov and what else is going on at the UN
- Nevada Republicans have set rules for their presidential caucus seen as helping Donald Trump
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Casa De La Cultura showcases Latin-x art in celebration of Hispanic Heritage Month
- Ukraine targets key Crimean city a day after striking the Russian navy headquarters
- No. 3 Florida State ends Death Valley drought with defeat of No. 23 Clemson
Recommendation
Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
20,000 Toyota Tundras have been recalled. Check if your vehicle is impacted
Biden faces foreign policy trouble spots as he aims to highlight his experience on the global stage
Are you Latino if you can't speak Spanish? Here's what Latinos say
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
Uganda’s president says airstrikes killed ‘a lot’ of rebels with ties to Islamic State in Congo
Flamingos in Wisconsin? Tropical birds visit Lake Michigan beach in a first for the northern state
Trudeau pledges Canada’s support for Ukraine and punishment for Russia