Current:Home > NewsAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -Keystone Capital Education
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-16 20:22:53
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! (44945)
Related
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Apple iPhone from 2007 sells for more than $190,000 at auction
- Patrick Mahomes Is Throwing a Hail Mary to Fellow Parents of Toddlers
- ESPYS 2023 Red Carpet Fashion: See Every Look as the Stars Arrive
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- New Wind and Solar Are Cheaper Than the Costs to Operate All But One Coal-Fired Power Plant in the United States
- Holiday Traditions in the Forest Revive Spiritual Relationships with Nature, and Heal Planetary Wounds
- ESPYS 2023 Red Carpet Fashion: See Every Look as the Stars Arrive
- 2025 'Doomsday Clock': This is how close we are to self
- Make Traveling Less Stressful With These 15 Amazon Prime Day 2023 Deals
Ranking
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Flood-Prone Communities in Virginia May Lose a Lifeline if Governor Pulls State Out of Regional Greenhouse Gas Initiative
- Fracking Wastewater Causes Lasting Harm to Key Freshwater Species
- Amazon Prime Day 2023 Deal: Get the Keurig Mini With 67,900+ 5-Star Amazon Reviews for Just $60
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Public Lands in the US Have Long Been Disposed to Fossil Fuel Companies. Now, the Lands Are Being Offered to Solar Companies
- Amazon Prime Day 2023 Extended Deal: Get This Top-Rated Jumpsuit for Just $31
- Exxon Accurately Predicted Global Warming, Years Before Casting Doubt on Climate Science
Recommendation
Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
RHOBH's Garcelle Beauvais Shares Update on Kyle Richards Amid Divorce Rumors
How Gas Stoves Became Part of America’s Raging Culture Wars
Meghan King Reveals Wedding Gift President Joe Biden Gave Her and Ex Cuffe Biden Owens
2 killed, 3 injured in shooting at makeshift club in Houston
Scientists Report a Dramatic Drop in the Extent of Antarctic Sea Ice
Kim Zolciak Spotted Wearing Wedding Ring After Calling Off Divorce From Kroy Biermann
How Riley Keough Is Celebrating Her First Emmy Nomination With Husband Ben Smith-Petersen