Current:Home > MarketsAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -SovereignWealth
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-13 17:52:54
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! (987)
Related
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Are Nikki Garcia and Artem Chigvintsev Ready for Baby No. 2? She Says...
- Why is Angel Reese benched? What we know about LSU star as she misses another game
- Global talks to cut plastic waste stall as industry and environmental groups clash
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- US auto safety regulators reviewing some Hyundai, Kia recalls
- 2 children struck and killed as they walked to Maryland elementary school
- Why Jason Kelce’s Wife Kylie Isn’t Sitting in Travis Kelce’s Suite for Chiefs vs. Eagles Game
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- What’s open and closed on Thanksgiving this year?
Ranking
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Musk’s X sues liberal advocacy group Media Matters over its report on ads next to hate groups’ posts
- State hopes to raise $1M more for flood victims through ‘Vermont Strong’ license plates, socks
- Princess Kate to host 3rd annual holiday caroling special with guests Adam Lambert, Beverley Knight
- A White House order claims to end 'censorship.' What does that mean?
- Lionel Messi at Maracanã: How to watch Argentina vs. Brazil in World Cup qualifier Tuesday
- NFL Week 11 winners, losers: Broncos race back to relevance with league-best win streak
- South Korea’s president to talk trade, technology and defense on state visit to the UK
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
California male nanny sentenced to over 700 years for sexual assaulting, filming young boys
Hunger Games' Rachel Zegler Reveals the OMG Story Behind Her First Meeting With Jennifer Lawrence
Man facing murder charges in disappearance of missing Washington state couple
Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
Chiefs vs. Eagles Monday Night Football live updates: Odds, predictions, how to watch
4-year-old girl in Texas shot by grandpa accidentally in stable condition: Authorities
California Highway Patrol officer fatally shoots man walking on freeway, prompting investigation