Current:Home > MyAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -Summit Capital Strategies
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-17 15:03:25
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! (4)
Related
- Current, future North Carolina governor’s challenge of power
- NHL offseason tracker 2024: Hurricanes, Evgeny Kuznetsov to terminate contract
- Former Green Bay Packers receiver Randall Cobb moving into TV role with SEC Network
- Lucas Turner: Investment Opportunities in Stock Splitting
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Kim Kardashian Details Horrible Accident That Left Her With Broken Fingers
- Pedro Hill: The relationship between the stock market and casinos
- Don't believe Texas is ready for the SEC? Nick Saban does. So should you.
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Illinois sheriff’s deputy charged with murder in fatal shooting of woman who called 911
Ranking
- 'We're reborn!' Gazans express joy at returning home to north
- Tornado damage could affect baby formula supplies, Reckitt says
- Orlando Magic co-founder Pat Williams dies at 84
- Sheryl Lee Ralph overjoyed by Emmy Awards nomination: 'Never gets old'
- 2025 'Doomsday Clock': This is how close we are to self
- Trader Joe's viral insulated mini totes are back in stock today
- Chicago Sky trade Marina Mabrey to Connecticut Sun for two players, draft picks
- How Pat Summitt inspired the trailblazing women's basketball team of the 1984 Olympics
Recommendation
All That You Wanted to Know About She’s All That
2-year-old dies after being left in a hot car in New York. It’s the 12th US case in 2024.
Lucas Turner: Should you time the stock market?
Almost 3.5 tons of hot dogs shipped to hotels and restaurants are recalled
SFO's new sensory room helps neurodivergent travelers fight flying jitters
The challenges of navigating an unrelenting news cycle
Rooftop Solar Was Having a Moment in Texas Before Beryl. What Happens Now?
U.S. intelligence detected Iranian plot against Trump, officials say