Current:Home > MarketsAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -PrestigeTrade
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-25 22:06:34
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! (8)
Related
- Nevada attorney general revives 2020 fake electors case
- Explaining the latest heat-associated deaths confirmed amid record highs in Arizona’s largest county
- A Patchwork of Transgender Healthcare Laws Push Families Across State Lines
- Animal sedative 'tranq' worsening overdose crisis as it spreads across the country
- Federal hiring is about to get the Trump treatment
- Filmmaker chronicles Lakota fight to regain Black Hills
- Kristen Bell reveals her daughters drink nonalcoholic beer: 'Judge me if you want'
- Sinéad O’Connor Dead at 56
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Sinéad O’Connor, gifted and provocative Irish singer-songwriter, dies at 56
Ranking
- What do we know about the mysterious drones reported flying over New Jersey?
- Army fire kills a 14-year-old, Palestinians say, as an Israeli minister visits flashpoint mosque
- Tennessee educators file lawsuit challenging law limiting school lessons on race, sex and bias
- In America's internal colonies, the poor die far younger than richer Americans
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- 5 shot in Seattle during community event: We know that there's dozens and dozens of rounds that were fired
- Gabe Lee hopes to 'bridge gaps' between divided Americans with new album
- Another Fed rate increase may hurt borrowers, but savers might cheer. Here's why.
Recommendation
McConnell absent from Senate on Thursday as he recovers from fall in Capitol
Tennessee educators file lawsuit challenging law limiting school lessons on race, sex and bias
Mississippi can’t restrict absentee voting assistance this year, US judge says as he blocks law
Tina Turner's Daughter-in-Law Hopes to Conceive Baby With Late Husband Ronnie's Sperm
Former Syrian official arrested in California who oversaw prison charged with torture
DNA test helps identify body of Korean War soldier from Georgia
As 2024 Paris Olympics near, familiar controversies linger
In America's internal colonies, the poor die far younger than richer Americans