Current:Home > MarketsAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -MoneyFlow Academy
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-16 13:57:14
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! (27)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- India implements controversial citizenship law singling out Muslims, drawing accusations of polarization
- The Masked Singer Unveils Chrisley Family Member During Week 2 Elimination
- Majority of U.S. adults are against college athletes joining unions, according to AP-NORC survey
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Lionel Messi, Luis Suárez connect to open scoring for Inter Miami vs. Nashville SC
- South Dakota prosecutors to seek death penalty for man charged with killing deputy during a pursuit
- Major snowstorm hits Colorado, closing schools, government offices and highways
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Michigan shooter's father James Crumbley declines to testify at involuntary manslaughter trial
Ranking
- Why members of two of EPA's influential science advisory committees were let go
- Kate Middleton Photographer Shares Details Behind Car Outing With Prince William
- The Masked Singer Unveils Chrisley Family Member During Week 2 Elimination
- Dog deaths revive calls for end to Iditarod, the endurance race with deep roots in Alaska tradition
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Horoscopes Today, March 13, 2024
- '1 in 400 million': Rare cow with two heads, four eyes born at a farm in Louisiana
- Race for Chicago-area prosecutor seat features tough-on-crime judge, lawyer with Democratic backing
Recommendation
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Biden team, UnitedHealth struggle to restore paralyzed billing systems after cyberattack
TikTok bill that could lead to ban faces uphill climb in the Senate
Montana man used animal tissue and testicles to breed ‘giant’ sheep for sale to hunting preserves
Former Syrian official arrested in California who oversaw prison charged with torture
Last suspect sought in deadly bus shooting in Philadelphia, police say
James Colon to retire as Los Angeles Opera music director after 2025-26 season, end 20-year tenure
You Have to See Kristen Stewart's Bold Dominatrix-Style Look