Current:Home > reviewsAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -Edge Finance Strategies
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-17 15:31:48
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! (9525)
Related
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- 6 Ways Andrew Wheeler Could Reshape Climate Policy as EPA’s New Leader
- Disappearance of Alabama college grad tied to man who killed parents as a boy
- Climate Action, Clean Energy Key to U.S. Prosperity, Business Leaders Urge Trump
- B.A. Parker is learning the banjo
- Get $150 Worth of Clean Beauty Products for Just $36: Peter Thomas Roth, Elemis, Osea, and More
- Iowa Republicans pass bill banning most abortions after about 6 weeks
- Nordstrom Rack Has Jaw-Dropping Madewell Deals— The 83% Off Sale Ends Today
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- The Canals Are Clear Thanks to the Coronavirus, But Venice’s Existential Threat Is Climate Change
Ranking
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Life on an Urban Oil Field
- These Top-Rated Small Appliances From Amazon Are Perfect Great Graduation Gifts
- The Canals Are Clear Thanks to the Coronavirus, But Venice’s Existential Threat Is Climate Change
- A South Texas lawmaker’s 15
- Taking the Climate Fight to the Streets
- Pregnant Serena Williams Shares Hilariously Relatable Message About Her Growing Baby Bump
- 988 mental health crisis line gets 5 million calls, texts and chats in first year
Recommendation
Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
Nordstrom Rack Has Jaw-Dropping Madewell Deals— The 83% Off Sale Ends Today
Love Is Blind’s Bartise Bowden Breaks Down His Relationship With His “Baby Mama”
Transcript: Secretary of State Antony Blinken on Face the Nation, June 25, 2023
Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
The Canals Are Clear Thanks to the Coronavirus, But Venice’s Existential Threat Is Climate Change
Taking the Climate Fight to the Streets
Khloe Kardashian Captures Adorable Sibling Moment Between True and Tatum Thompson