Current:Home > ContactAmazon 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 18:31:04
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! (396)
Related
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Tom Brady Shares Glimpse of Tropical Vacation With His and Gisele Bündchen's Kids
- Giving back during the holiday season: What you need to know to lend a helping hand
- An abducted German priest is said to be freed in Mali one year after being seized in the capital
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Russian FM says he plans to attend OSCE meeting in North Macedonia
- Taylor Swift Meets Family of Fan Who Died in Brazil
- Coach Outlet’s Cyber Monday Sale-on-Sale Has All Your Favorite Fall Bags For 70% Off & More
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Tiger Woods makes comeback at 2023 Hero World Challenge in the Bahamas
Ranking
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Ecuador’s newly sworn-in president repeals guidelines allowing people to carry limited drug amounts
- West Virginia removes 12-step recovery programs for inmate release. What does it mean?
- Failed wheel bearing caused Kentucky train derailment, CSX says
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Delaware County’s top prosecutor becomes fifth Democrat to run for Pennsylvania attorney general
- Pennsylvania will require patient consent for pelvic exams by medical students
- Will & Grace Star Eric McCormack's Wife Janet Files for Divorce After 26 Years of Marriage
Recommendation
'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
West Virginia removes 12-step recovery programs for inmate release. What does it mean?
An abducted German priest is said to be freed in Mali one year after being seized in the capital
Remains of a WWII heavy bomber gunner identified nearly 80 years after his death
From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
2 children among 5 killed in Ohio house fire on Thanksgiving
As Trump’s fraud trial eyes his sweeping financial reports, executive says they’re not done anymore
New Zealand's new government plans to roll back cigarette ban as it funds tax cuts