Current:Home > InvestAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -Prime Capital Blueprint
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-12 08:16:36
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! (512)
Related
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- How Sarah Michelle Gellar and Freddie Prinze Jr. Are Slaying the Learning Curve of Parenting
- Biden remains committed to two-state solution amid Israel-Hamas war, national security spokesman says
- Israeli village near the Gaza border lies in ruin, filled with the bodies of residents and militants
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Why Meghan Markle Says She's Frightened for Her Kids' Future in a Social Media Age
- 'Messi Meets America': Release date, trailer, what to know about Apple TV+ docuseries
- A conversation with Nobel laureate Claudia Goldin (Update)
- The Super Bowl could end in a 'three
- Hurricane Lidia takes aim at Mexico’s Puerto Vallarta resort with strengthening winds
Ranking
- Could your smelly farts help science?
- A spectacular solar eclipse will darken the sky Saturday. Will the one in April be better?
- Afghanistan earthquake death toll climbs amid frantic search and rescue efforts in Herat province
- Scrutiny of Arkansas governor’s $19,000 lectern deepens after new records are released
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Wrong-way driver causes fiery wreck western Georgia highway, killing 3, officials say
- Kayla Nicole Shares Powerful Message Addressing Backlash Amid Ex Travis Kelce's Rumored Romance
- Resale value of Travis Scott concert tickets has plummeted due to low demand
Recommendation
Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
How to safely watch the solar eclipse: You'll want eclipse glasses or a viewer Saturday
Michigan man wins $2 million from historic Powerball drawing
Biden interviewed in special counsel investigation into documents found at his office and home
Meet first time Grammy nominee Charley Crockett
After waking up 'to zero voice at all,' Scott Van Pelt forced to miss 'Monday Night Countdown'
Victim killed by falling mast on Maine schooner carrying tourists was a doctor
Will Ferrell is surprise DJ at USC frat party during parents weekend