Current:Home > InvestAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -Wealth Legacy Solutions
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-15 06:09:24
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! (6)
Related
- A White House order claims to end 'censorship.' What does that mean?
- Nick Lachey Ordered to Take Anger Management Classes After Paparazzi Incident
- What we lose if Black Twitter disappears
- Stylist Law Roach Reveals the Scariest Part of His Retirement Journey
- Tom Holland's New Venture Revealed
- Pete Wentz Reflects on Struggle With Fame After Ashlee Simpson Divorce
- VPR's Raquel Leviss Denies Tom Schwartz Hookup Was a “Cover Up” for Tom Sandoval Affair
- A Chinese drone for hobbyists plays a crucial role in the Russia-Ukraine war
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Can you teach a computer common sense?
Ranking
- Highlights from Trump’s interview with Time magazine
- You'll Love the To All the Boys I've Loved Before Spinoff XO, Kitty in This First Look
- Artificial Intelligence Made Big Leaps In 2022 — Should We Be Excited Or Worried?
- Delilah Belle Hamlin Wants Jason Momoa to Slide Into Her DMs
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- A Japanese company has fired a rocket carrying a lunar rover to the moon
- Teens share the joy, despair and anxiety of college admissions on TikTok
- Sophia Culpo and NFL Player Braxton Berrios Break Up After 2 Years of Dating
Recommendation
Retirement planning: 3 crucial moves everyone should make before 2025
Radio Host Jeffrey Vandergrift Found Dead One Month After Going Missing
Sudan conflict rages on after a month of chaos and broken ceasefires
Beyoncé dances with giant robot arms on opening night of Renaissance World Tour
Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
'Hogwarts Legacy' Review: A treat for Potter fans shaded by Rowling controversy
Nordstrom Rack's Epic Clear the Rack Sale Is Here With $13 Dresses, $15 Jackets & More 80% Off Deals
Pakistan Supreme Court orders ex-Prime Minister Imran Khan's immediate release after 2 days of deadly riots