Current:Home > FinanceAmazon 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:2025-04-12 11:25:49
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! (522)
Related
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Biden to bestow Medal of Honor on two Civil War heroes who helped hijack a train in confederacy
- Israel releases head of Gaza's Al-Shifa hospital after 7-month detention without charge
- One way to get real-life legal experience? A free trip to the Paris Olympics
- Senate begins final push to expand Social Security benefits for millions of people
- To save spotted owls, US officials plan to kill hundreds of thousands of another owl species
- Study shows how carpenter ants save the lives of some injured comrades
- Tashaun Gipson suspended six games by NFL for PED policy violation
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Las Vegas Aces dispatch Fever, Caitlin Clark with largest WNBA crowd since 1999
Ranking
- Trump invites nearly all federal workers to quit now, get paid through September
- Indian officials order investigation into deadly stampede, search for religious leader as death toll hits 121
- Caitlin Clark, Angel Reese strengthen players' union seeking larger piece of financial pie
- Caitlin Clark, Angel Reese highlight 2024 WNBA All-Star selections: See full roster
- The Grammy nominee you need to hear: Esperanza Spalding
- Travis Kelce Reveals How He Ended Up Joining Taylor Swift on the Eras Tour Stage
- Study shows how carpenter ants save the lives of some injured comrades
- Tucson man gets 16-month prison term for threatening a mass shooting at the University of Arizona
Recommendation
Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
Pink cancels concert due to health issue: 'Unable to continue with the show'
Yes, petroleum jelly has many proven benefits. Here's what it's for.
This small RI town is home to one of USA's oldest Independence Day celebrations
Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
Beyoncé, Tina Knowles tap Victoria Monét for new Cécred hair care video
Judge’s order greatly expands where Biden can’t enforce a new rule protecting LGBTQ+ students
Rudy Giuliani disbarred in New York for spreading falsehoods about 2020 election