Current:Home > FinanceAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -PrimeFinance
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
TradeEdge Exchange View
Date:2025-04-11 08:59:14
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! (98663)
Related
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- In a California gold rush town, some Black families are fighting for land taken from their ancestors
- I won't depend on Social Security alone in retirement. Here's how I plan to get by.
- Kate Hudson Admits She and Costar Matthew McConaughey Don't Wear Deodorant in TMI Confession
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- NFL Hall of Famer Lawrence Taylor charged with failing to update address on sex offender registry
- Rust armorer wants conviction tossed in wake of dropping of Baldwin charges
- 25 Things That Will Help Make Your Closet Look Like It Was Organized by a Professional
- Grammy nominee Teddy Swims on love, growth and embracing change
- Jon Gosselin Accuses Ex Kate Gosselin of Parent Alienation Amid Kids' Estrangement
Ranking
- New data highlights 'achievement gap' for students in the US
- Watch Ryan Reynolds React to Joke That He's Bad at Sex
- In a California gold rush town, some Black families are fighting for land taken from their ancestors
- Here's How to Get $237 Worth of Ulta Beauty Products for $30: Peter Thomas Roth, Drunk Elephant & More
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Drone strike by Yemen’s Houthi rebels kills 1 person and wounds at least 10 in Tel Aviv
- Blake Anderson calls investigation that led to his firing as Utah State football coach a ‘sham’
- Experts say global tech outage is a warning: Next time could be worse
Recommendation
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
Injured and locked-out fans file first lawsuits over Copa America stampede and melee
Montana attorney general didn’t violate campaign finance rules, elections enforcer says
Plastics Pollution Has Become a ‘Crisis,’ Biden Administration Acknowledges
Military service academies see drop in reported sexual assaults after alarming surge
Shane Lowry keeps calm and carries British Open lead at Troon
From 'Twister' to 'Titanic,' these are the 20 best disaster movies ever
Shane Lowry keeps calm and carries British Open lead at Troon