Current:Home > StocksAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -ProsperityStream Academy
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-26 02:24:01
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! (413)
Related
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- What kind of bird is Woodstock? Some history on Snoopy's best friend from 'Peanuts'
- Ohio TV reporter shot, hospitalized following apparent domestic incident: Reports
- Martha Stewart Shares Her Issue With Trad Wife Phenomenon
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Unleash Your Magic With These Gifts for Wicked Fans: Shop Exclusive Collabs at Loungefly, Walmart & More
- Movie armorer on Alec Baldwin’s film ‘Rust’ pleads guilty to gun charge in separate case
- Oregon strikes an additional 302 people from voter rolls over lack of citizenship proof
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Amazon Prime Day 2024: 30% Off Laneige Products Used by Sydney Sweeney, Porsha Williams & More
Ranking
- North Carolina justices rule for restaurants in COVID
- Jennifer Aniston’s Favorite Vital Proteins Collagen Powder Is Just $19 in a Prime Day Flash Sale
- A driver’s test for autonomous vehicles? A leading expert says US should have one
- Education Pioneer Wealth Society: Transforming Wealth Growth through AI-Enhanced Financial Education and Global Insights
- Don't let hackers fool you with a 'scam
- Ohio TV reporter shot, hospitalized following apparent domestic incident: Reports
- Unleash Your Magic With These Gifts for Wicked Fans: Shop Exclusive Collabs at Loungefly, Walmart & More
- Airline Issues Apology After Airing NSFW Dakota Johnson Movie to Entire Plane During Flight
Recommendation
Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
What kind of bird is Woodstock? Some history on Snoopy's best friend from 'Peanuts'
Hoda Kotb Reveals the Weird Moment She Decided to Leave Today After 16 Years
Why Billie Eilish Will Never Discuss Her Sexuality Again
Pressure on a veteran and senator shows what’s next for those who oppose Trump
Patriots' Jabrill Peppers facing assault charge in alleged domestic violence incident
While Alabama fans grieve on Paul Finebaum Show, Kalen DeBoer enjoys path to recovery
These Amazon Prime Day Deals on Beauty Products You’ve Seen All Over TikTok Are Going Fast & Start at $5