Current:Home > MarketsAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -Aspire Money Growth
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-13 20:12:44
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! (35317)
Related
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- CLEAR users will soon have to show their IDs to TSA agents amid crackdown on security breaches
- Price of college football realignment: Losing seasons, stiffer competition
- Natural history museum closes because of chemicals in taxidermy collection
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Rachel Morin Murder: Police Release Video of Potential Suspect After Connecting DNA to Different Case
- Court tosses Jan. 6 sentence in ruling that could impact other low-level Capitol riot cases
- Suburban Detroit police fatally shoot motorist awakened from sleep inside car
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Los Angeles leaders create task force to address surge in retail flash mob robberies
Ranking
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Isabel Cañas' 'Vampires of El Norte' elegantly navigates a multiplicity of genres
- Passenger who survived fiery crash that claimed 4 lives is facing charges
- The Perfect Fall Sweater Is Only $32 and You’ll Want 1 in Every Color
- Retirement planning: 3 crucial moves everyone should make before 2025
- Wreckage from Tuskegee airman’s plane that crashed during WWII training recovered from Lake Huron
- Corporate DEI initiatives are facing cutbacks and legal attacks
- Florida law restricting property ownership for Chinese citizens, others remains active
Recommendation
Grammy nominee Teddy Swims on love, growth and embracing change
Arizona AG investigating 2020 alleged fake electors tied to Trump
FEMA has paid out nearly $4 million to Maui survivors, a figure expected to grow significantly
Brian Houston, Hillsong Church founder, found not guilty of concealing his father's child sex crimes
The White House is cracking down on overdraft fees
Mississippi grand jury cites shoddy investigations by police department at center of mistrial
Where is Vanna White? The 'Wheel of Fortune' host has rarely missed a show.
Lil Tay's Mom Angela Tian Details Custody Battle and Severe Depression Following Death Hoax