Current:Home > reviewsAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -Quantum Capital Pro
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-11 13:29:14
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! (9493)
Related
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Ravens QB Lamar Jackson wins his second career NFL MVP award
- Tommy Hilfiger takes over the Oyster Bar in Grand Central for a joyous New York-centric fashion show
- Georgia Republicans say Fani Willis inquiry isn’t a ‘witch hunt,’ but Democrats doubt good faith
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Super Bowl 2024: Time, channel, halftime show, how to watch Chiefs vs. 49ers livestream
- Ravens QB Lamar Jackson wins his second career NFL MVP award
- 'The Taste of Things' is a sizzling romance and foodie feast — but don't go in hungry
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Investigators focus on suspect in Philadelphia area fire and shooting that left 6 dead, 2 hurt
Ranking
- Former Syrian official arrested in California who oversaw prison charged with torture
- Minnesota man awaiting trial in teen’s 1972 slaying is found dead in Illinois cell
- Girlfriend of Illinois shooting suspect pleads not guilty to obstruction
- Iceland volcano at it again with a third eruption in as many months
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- City drops charges against pastor as sides negotiate over Ohio church’s 24/7 ministry
- 5 Marines killed in helicopter crash are identified: Every service family's worst fear
- Proposed mine outside Georgia’s Okefenokee Swamp nears approval despite environment damage concerns
Recommendation
'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
Q&A: New Rules in Pennsylvania Require Drillers to Disclose Toxic Chemicals Used in Fracking
Why Valerie Bertinelli Stopped Weighing Herself Once She Reached 150 Pounds
Leah Remini is 'screaming' over Beyoncé wax figure: 'Will take any and all comparisons'
Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
A Super Bowl in 'new Vegas'; plus, the inverted purity of the Stanley Cup
Investigators focus on suspect in Philadelphia area fire and shooting that left 6 dead, 2 hurt
City drops charges against pastor as sides negotiate over Ohio church’s 24/7 ministry