Current:Home > ScamsAmazon 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
Fastexy View
Date:2025-04-11 08:31:21
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! (87481)
Related
- The Daily Money: Spending more on holiday travel?
- Eva Mendes Admits She Felt Lost After Having Kids With Ryan Gosling
- Hotter summers are making high school football a fatal game for some players
- Diddy is 'fighting for his life' amid sex trafficking charges. What does this mean for him?
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- A lawsuit challenging a South Dakota abortion rights measure will play out after the election
- Shohei Ohtani shatters Dodgers records with epic 3-homer, 10-RBI game vs. Marlins
- A Glacier National Park trail in Montana is closed after bear attacks hiker
- Meta releases AI model to enhance Metaverse experience
- Wheel of Fortune Contestants' Bad Luck Curse Shocked Even Ryan Seacrest
Ranking
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- White officer who fatally shot Black man shouldn’t have been in his backyard, judge rules in suit
- The cause of a fire that injured 2 people at a Louisiana chemical plant remains under investigation
- Tourists can finally visit the Oval Office. A replica is opening near the White House on Monday
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Which 0-2 NFL teams still have hope? Ranking all nine by playoff viability
- Burlington pays $215K to settle a lawsuit accusing an officer of excessive force
- Justin Theroux Reveals How He and Fiancée Nicole Brydon Bloom First Met
Recommendation
Louvre will undergo expansion and restoration project, Macron says
Florida sheriff shames 2 more kids after school threats. Is it a good idea?
Which 0-2 NFL teams still have hope? Ranking all nine by playoff viability
Hailey Bieber Is Glowing in New Photo After Welcoming Baby Boy With Justin Bieber
Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
NFL Week 3 picks straight up and against spread: Will Ravens beat Cowboys for first win?
80-year-old man dies trying to drive through flooded North Carolina road
A’ja Wilson set records. So did Caitlin Clark and Angel Reese. WNBA stats in 2024 were eye-popping