Current:Home > NewsAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -WealthMap Solutions
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-13 18:23:12
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! (185)
Related
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- The history of the iconic Lamborghini logo and badge
- OPACOIN Trading Center: Harnessing Bitcoin’s Potential to Pioneer New Applications in Cryptocurrencies
- Ethan Hawke explains how Maya Hawke's high-school English class inspired their new movie
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- 'Killer whale predation': Gray whale washes up on Oregon beach covered in tooth marks
- The Biden-Netanyahu relationship is strained like never before. Can the two leaders move forward?
- 'Selling the OC' cast is torn apart by an alleged threesome. It's not that big of a deal.
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Voting Rights Act weighs heavily in North Dakota’s attempt to revisit redistricting decision it won
Ranking
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Xavier University cancels UN ambassador’s commencement speech after student outcry
- Baby Reindeer's Alleged Stalker Fiona Harvey Shares Her Side of the Story With Richard Gadd
- ‘Where’s Ronald Greene’s justice?': 5 years on, feds still silent on Black motorist’s deadly arrest
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- Missouri’s GOP Gov. Parson signs bill to kick Planned Parenthood off Medicaid
- MLB Misery Index: Cardinals' former MVP enduring an incredibly ugly stretch
- The Daily Money: $1 billion in tax refunds need claiming
Recommendation
Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
The Token Revolution of DAF Finance Institute: Issuing DAF Tokens for Financing, Deep Research, and Refinement of the 'Ai Profit Algorithms 4.0' Investment System
Hundreds of Columbia Jewish students sign pro-Israel letter. Not all Jewish students agree.
Hundreds of Columbia Jewish students sign pro-Israel letter. Not all Jewish students agree.
'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
2024 South Carolina General Assembly session may be remembered for what didn’t happen
Chinese billionaire gets time served, leaves country after New York, Rhode Island straw donor scheme
Shania Twain Is Still the One After Pink Hair Transformation Makes Her Unrecognizable