Current:Home > MarketsAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -TradeCircle
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-13 11:24:59
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! (968)
Related
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- South Carolina to remove toxic waste from historic World War II aircraft carrier
- Jokic’s 35 points pace Nuggets in 115-112 win over short-handed Timberwolves after tight finish
- Beyoncé calls out country music industry, reflects on a time 'where I did not feel welcomed'
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- ATF agent injured in shootout at home of Little Rock, Arkansas, airport executive director
- The 2025 Hyundai Ioniq 5 N Finally Gets a Price Tag for All Its Performance
- Delaware calls off Republican presidential primary after Haley removes name from ballot
- Retirement planning: 3 crucial moves everyone should make before 2025
- Wagner wins First Four game vs. Howard: Meet UNC's opponent in March Madness first round
Ranking
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Subway will replace Coca-Cola products with Pepsi in 2025
- Louisiana lawmakers seek to ban sex dolls that look like children
- Who is Mark Robinson? The GOP nominee for North Carolina governor has a history of inflammatory remarks
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- When is the first day of spring in 2024? What to know about the vernal equinox
- What to know about Cameron Brink, Stanford star forward with family ties to Stephen Curry
- FBI director Christopher Wray speaks candidly on Laken Riley's death, threats to democracy, civil rights
Recommendation
Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
Sorry, Coke. Pepsi is in at Subway as sandwich chain switches sodas after 15 years
The Who's Roger Daltrey will return to the US for intimate solo tour
Subway will replace Coca-Cola products with Pepsi in 2025
Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
Georgia lawmakers may be close to deal to limit rise in property tax bills
I’m a Shopping Editor. Here’s What I’m Buying From the Amazon Big Spring Sale: $6 Beauty Deals and More
WR Mike Williams headed to NY Jets on one-year deal as Aaron Rodgers gets another weapon