Current:Home > reviewsAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -SummitInvest
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-15 19:57:44
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! (382)
Related
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Dinner plate-sized surgical tool discovered in woman 18 months after procedure
- Florida State, Penn State enter top five of college football's NCAA Re-Rank 1-133
- University of Arkansas gets $2.5 million grant to study exercise and aging
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Tom Brady shares when he will join Fox Sports as NFL analyst after taking 2023 season off
- Burning Man exodus operations begin as driving ban is lifted, organizers say
- Myanmar won’t be allowed to lead Association of Southeast Asian Nations in 2026, in blow to generals
- This was the average Social Security benefit in 2004, and here's what it is now
- Alex Murdaugh seeks new trial in murders of wife and son, claiming clerk tampered with jury
Ranking
- Meta donates $1 million to Trump’s inauguration fund
- The Best Labor Day 2023 Sales You Can Still Shop: Nordstrom Rack, Ulta, Sephora, Madewell, and More
- Colorado, Duke surge into the AP Top 25 after huge upsets; Florida State climbs into top five
- Brian Kelly calls LSU a 'total failure' after loss to Florida State. No argument here
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Suspect indicted on attempted murder charge in explosives attack on Japan’s Kishida, report says
- Seal Says His and Heidi Klum's Daughter Leni Made Him a Better Person in Heartfelt Message
- Why Miley Cyrus Say She Didn’t Make Any Money From Her Bangerz Tour
Recommendation
Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
Wait times to exit Burning Man drop after flooding left tens of thousands stranded in Nevada desert
Alabama man convicted of sexually torturing, robbing victims he met online
A thrift store shopper snags lost N.C. Wyeth painting worth up to $250,000 for just $4
'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
Voters concerned with Biden's economy, Smash Mouth's Steve Harwell dies: 5 Things podcast
Federal court rejects Alabama's congressional map, will draw new districts to boost Black voting power
Extreme heat safety tips as dangerous temps hit Northeast, Midwest, South