Current:Home > NewsAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -MoneyBase
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-13 16:10:06
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! (81)
Related
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Untangling Emma Stone and Nathan Fielder's Parody of Sydney Sweeney and Glen Powell
- Blinken calls U.S.-China relationship one of the most consequential in the world
- Families of missing in Mexico urge authorities to dig at spot where dogs were seen with body parts
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Turkey’s Erdogan to visit Germany as differences over the Israel-Hamas war widen
- Ravens vs. Bengals Thursday Night Football: Baltimore rolls in key AFC North showdown
- AP PHOTOS: As northern Gaza becomes encircled, immense human suffering shows no sign of easing
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- At Formula One’s inaugural Las Vegas Grand Prix, music takes a front seat
Ranking
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- DeSantis appointees seek Disney communications about governor, laws in fight over district
- Shohei Ohtani, Ronald Acuña Jr. win MLB MVP awards for historic 2023 campaigns
- Madagascar’s incumbent President Rajoelina takes early lead in vote marked by boycott, low turnout
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Rare zombie disease that causes deer to excessively drool before killing them found in Yellowstone
- Man convicted in death of woman whose body was found in duffel bag along rural road
- Billie Eilish Says She Never Felt Truly Like a Woman
Recommendation
Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
ChatGPT-maker Open AI pushes out co-founder and CEO Sam Altman, says he wasn’t ‘consistently candid’
How 'Fahrenheit 451' inspires BookPeople of Moscow store to protect books and ideas
Turkey’s Erdogan to visit Germany as differences over the Israel-Hamas war widen
Where will Elmo go? HBO moves away from 'Sesame Street'
At Formula One’s inaugural Las Vegas Grand Prix, music takes a front seat
Fans react to Rosalía, Rauw Alejandro performing – separately – at the 2023 Latin Grammys
Why is there lead in some applesauce? FDA now screening cinnamon imports, as authorities brace for reports to climb