Current:Home > FinanceAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -DollarDynamic
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
Johnathan Walker View
Date:2025-04-09 18:48:27
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! (8632)
Related
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- Kyle Richards Defends Kissing Hot Morgan Wade and Weighs in on Their Future
- Lionel Messi leaves Inter Miami's win with a leg injury, unlikely to play D.C. United
- A proposal to merge 2 universities fizzles in the Mississippi Senate
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Michigan jury returning to decide fate of school shooter’s father in deaths of 4 students
- South Dakota legislator calls for inquiry into Gov. Noem’s Texas dental trip and promo video
- TikTok's fate in the U.S. hangs in the balance. What would the sale of the popular app mean?
- 2025 'Doomsday Clock': This is how close we are to self
- Neti pots, nasal rinsing linked to another dangerous amoeba. Here's what to know.
Ranking
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Chick-fil-A to open first mobile pickup restaurant: What to know about the new concept
- Michael Strahan Surprises Daughter Isabella With Visit From Her Favorite Celebrity Amid Cancer Battle
- Two-thirds of women professionals think they're unfairly paid, study finds
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Yankees ace Gerrit Cole out until at least May, will undergo more elbow exams
- Man spent years trying to create giant hybrid sheep to be sold and hunted as trophies, federal prosecutors say
- Former Missouri child brides call for outlawing marriages of minors
Recommendation
Pressure on a veteran and senator shows what’s next for those who oppose Trump
HIV prevention drugs known as PrEP are highly effective, but many at risk don't know about them
Washington State Bar Association OKs far lower caseloads for public defenders
Nearly 1,000 Family Dollar stores are closing, owner Dollar Tree announces
Meta donates $1 million to Trump’s inauguration fund
South Dakota prosecutors to seek death penalty for man charged with killing deputy during a pursuit
Man spent years trying to create giant hybrid sheep to be sold and hunted as trophies, federal prosecutors say
Author Mitch Albom, 9 other Americans rescued from Haiti: 'We were lucky to get out'