Current:Home > MarketsAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -WealthRoots Academy
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
Surpassing View
Date:2025-04-07 01:36:32
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! (7)
Related
- A South Texas lawmaker’s 15
- Savannah police arrest suspect in weekend shootings that injured 11 in downtown square
- Save $100 on a Dyson Airstrait Straightener, Which Dries & Styles Hair at the Same Time
- North Carolina attorney general seeks funds to create fetanyl, cold case units
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Alexis Lafreniere own goal lowlight of Rangers' shutout loss to Panthers in Game 1
- California advances legislation cracking down on stolen goods resellers and auto theft
- Older Americans often don’t prepare for long-term care, from costs to location to emotional toll
- What do we know about the mysterious drones reported flying over New Jersey?
- Uvalde school shooting victims' families announce $2 million settlement with Texas city and new lawsuits
Ranking
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Biden's Chinese EV tariffs don't address national security concerns
- Older Americans often don’t prepare for long-term care, from costs to location to emotional toll
- Graduating seniors seek degrees in climate change and more US universities deliver
- What do we know about the mysterious drones reported flying over New Jersey?
- Georgia, Ohio State lead college football's NCAA Re-Rank 1-134 after spring practice
- Food Network Chef Guy Fieri Reveals How He Lost 30 Lbs. Amid Wellness Journey
- Colorado the first state to move forward with attempt to regulate AI’s hidden role in American life
Recommendation
Retirement planning: 3 crucial moves everyone should make before 2025
Supreme Court finds no bias against Black voters in a South Carolina congressional district
CDC: Second human infected with bird flu linked to U.S. dairy cows
Senate confirms 200th Biden judge as Democrats tout major milestone
Retirement planning: 3 crucial moves everyone should make before 2025
Former student found guilty in murder of University of Arizona professor Thomas Meixner
Shay Mitchell Reveals Text Messages With Fellow Pretty Little Liars Moms
Family of New Jersey woman last seen in 2010 prepares for funeral after remains found in river