Current:Home > ScamsAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -Stellar Financial Insights
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-13 05:56:53
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
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Dangerous Contaminants Found in Creek Near Gas Wastewater Disposal Site
- Walmart offers to pay $3.1 billion to settle opioid lawsuits
- Teen Activists Worldwide Prepare to Strike for Climate, Led by Greta Thunberg
- Highlights from Trump’s interview with Time magazine
- Hurricane Season 2018: Experts Warn of Super Storms, Call For New Category 6
- Aileen Cannon, Trump-appointed judge, assigned initially to oversee documents case
- Southern State Energy Officials Celebrate Fossil Fuels as World Raises Climate Alarm
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Flying toilets! Sobering stats! Poo Guru's debut! Yes, it's time for World Toilet Day
Ranking
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- More than 1 billion young people could be at risk of hearing loss, a new study shows
- Chrissy Teigen Reacts to Speculation She Used a Surrogate to Welcome Baby Esti
- Today’s Climate: August 6, 2010
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Unusually Hot Spring Threw Plants, Pollinators Out of Sync in Europe
- Environmental Group Alleges Scientific Fraud in Disputed Methane Studies
- Robert De Niro Speaks Out After Welcoming Baby No. 7
Recommendation
Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
Study: Solar Power Officially Cheaper Than Nuclear in North Carolina
Control of Congress matters. But which party now runs your state might matter more
Jennifer Garner Reveals Why Her Kids Prefer to Watch Dad Ben Affleck’s Movies
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
How a team of Black paramedics set the gold standard for emergency medical response
George Santos files appeal to keep names of those who helped post $500,000 bond sealed
Daily meditation may work as well as a popular drug to calm anxiety, study finds