Current:Home > ContactAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -CapitalSource
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-15 07:04:55
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! (16)
Related
- Could your smelly farts help science?
- Iowa woman who made fake cancer claims on social media must pay restitution but stays out of prison
- Reward grows as 4 escapees from a Georgia jail remain on the run
- Green Day's Billie Joe Armstrong reveals 2024 tour with the Smashing Pumpkins: Reports
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Over 3,000 migrants have hit NYC shelter time limit, but about half have asked to stay, report says
- Restricted rights put Afghan women and girls in a ‘deadly situation’ during quakes, UN official says
- Hate takes center stage: 25 years after a brutal murder, the nation rallies behind a play
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- A Suspect has been charged in a 1991 killing in Arkansas that closes a cold case
Ranking
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Michigan State shows Hitler’s image on videoboards in pregame quiz before loss to No. 2 Michigan
- Police dog’s attack on Black trucker in Ohio echoes history
- California Gov. Gavin Newsom is traveling to China to talk climate change
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Wrongful death lawsuit filed against former Alabama players Brandon Miller, Darius Miles
- Lionel Messi's first MLS season ends quietly as Inter Miami loses 1-0 to Charlotte FC
- These Sweet Photos of Kendall Jenner and Bad Bunny's Romance Will Have You Saying I Like It
Recommendation
Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
Ukrainian officials say civilians were killed and wounded in Russian overnight attacks
You're Going to Want to Read Every Last One of Kim Kardashian's Wild Sex Confessions
Powell returns late interception 89 yards for TD, No. 5 Washington survives Arizona State 15-7
Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
Green Day's Billie Joe Armstrong reveals 2024 tour with the Smashing Pumpkins: Reports
North Dakota lawmakers are preparing to fix a budget mess. What’s on their plate?
India conducts space flight test ahead of planned mission to take astronauts into space in 2025