Current:Home > MarketsAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -Wealth Evolution Experts
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-16 23:56:51
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! (281)
Related
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Voters deciding dozens of ballot measures affecting life, death, taxes and more
- Rudy Giuliani ordered to appear in court after missing deadline to turn over assets
- Republicans try to hold onto all of Iowa’s 4 congressional districts
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- These farm country voters wish presidential candidates paid them more attention
- Who is John King? What to know about CNN anchor reporting from the 'magic wall'
- The Sephora Savings Event Is Finally Open to Everyone: Here Are Products I Only Buy When They’re on Sale
- Intel's stock did something it hasn't done since 2022
- Taylor Swift Reunites With Pregnant Brittany Mahomes in Private Suite at Chiefs Game
Ranking
- Global Warming Set the Stage for Los Angeles Fires
- North Dakota measures would end local property taxes and legalize recreational marijuana
- Republicans try to hold onto all of Iowa’s 4 congressional districts
- Democrat Matt Meyer and Republican Michael Ramone square off in Delaware’s gubernatorial contest
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Home Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died
- Sara Foster Confirms Breakup From Tommy Haas, Shares Personal Update Amid Separation
- Democrat Ruben Gallego faces Republican Kari Lake in US Senate race in Arizona
Recommendation
Intellectuals vs. The Internet
Republican incumbent Josh Hawley faces Democrat Lucas Kunce for US Senate seat in Missouri
Another round of powerful, dry winds to raise wildfire risk across California
Hogan and Alsobrooks face off in Maryland race that could sway US Senate control
Could your smelly farts help science?
Salma Hayek reimagines 'Like Water for Chocolate' in new 'complex,' 'sensual' HBO series
Two Democratic leaders seek reelection in competitive races in New Mexico
A Guide to JD Vance's Family: The Vice Presidential Candidate's Wife, Kids, Mamaw and More