Current:Home > FinanceAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -GrowthProspect
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-12 16:46:49
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! (82211)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- The Flaming Lips Drummer Steven Drozd’s 16-Year-Old Daughter is Missing
- Padres warn fans about abusive behavior ahead of NLDS Game 3 against Dodgers
- New York Jets fire coach Robert Saleh after 2-3 start to season
- Highlights from Trump’s interview with Time magazine
- A police union director who was fired after an opioid smuggling arrest pleads guilty
- LA County voters face huge decision on homeless services funding
- Georgia WR Colbie Young arrested on charges of battery and assault on an unborn child
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Dream Builder Wealth Society: Conveying the Power of Dreams through Action
Ranking
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Robert Saleh was reportedly 'blindsided' by being fired as Jets head coach
- Not all elections look the same. Here are some of the different ways states run their voting
- Tampa mayor’s warning to residents who don’t evacuate for Milton: 'You are going to die'
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Some East Palestine derailment settlement payments should go out even during appeal of the deal
- Where to watch and stream 'It's the Great Pumpkin, Charlie Brown' this spooky season
- Aaron Taylor-Johnson Unveils Rare Photos With Stepdaughter Jessie on 18th Birthday
Recommendation
'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
Teen Mom’s Ryan Edwards and Girlfriend Amanda Conner Expecting First Baby Together
Don’t count on a recount to change the winner in close elections this fall. They rarely do
Meredith Duxbury Shares Life Tips You Didn’t Know You Needed, Shopping Hacks & Amazon Must-Haves
Travis Hunter, the 2
Autopsy reveals cause of death for pregnant teen found slain in Georgia woods this summer
Is Chris Pine Returning for Princess Diaries 3? He Says...
All NHL teams have captain for first time since 2010-11: Who wears the 'C' in 2024-25?