Current:Home > FinanceAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -Quantum Capital Pro
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-11 22:48:56
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! (9945)
Related
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Sam Hunt Shares Rare Insight Into Family Life With Wife Hannah Lee Ahead of Baby No. 2
- New Research Shows Direct Link Between Greenhouse Gas Emissions and Polar Bear Decline
- Police search for suspect who shot and wounded person at Indiana shopping mall
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- The Exorcist: Believer to be released earlier to avoid competing with Taylor Swift concert movie
- See Tom Holland's Marvelous Tribute to His Birthday Girl Zendaya
- Lawmaker who owns casino resigns from gambling study commission amid criminal investigation
- Arkansas State Police probe death of woman found after officer
- ACC adding Stanford, Cal, SMU feels like a new low in college sports
Ranking
- Tom Holland's New Venture Revealed
- Florida flamingos spotted in unusual places after Idalia: 'Where are (they) going?'
- Burning Man is filled with wild art, sights and nudity. Some people bring their kids.
- Ohio police release bodycam footage of fatal shooting of pregnant shoplifting suspect
- This was the average Social Security benefit in 2004, and here's what it is now
- Inside Keanu Reeves' Private World: Love, Motorcycles and Epic Movie Stardom After Tragedy
- UCF apologizes for National Guard social post during game against Kent State
- Mississippi governor’s brother suggested that auditor praise Brett Favre during welfare scandal
Recommendation
Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
Missing South Carolina woman may have met with Gilgo Beach murders suspect, authorities say
NASA said its orbiter likely found the crash site of Russia's failed Luna-25 moon mission
USA survives tough test and rallies to beat Montenegro at FIBA World Cup
2 killed, 3 injured in shooting at makeshift club in Houston
Workers are finally seeing real wage gains, but millions still struggle to pay the bills
John Stamos on Full House, fame and friends
DeSantis’ redistricting map in Florida is unconstitutional and must be redrawn, judge says