Current:Home > StocksAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -Visionary Wealth Guides
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-24 14:32:59
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! (61)
Related
- A White House order claims to end 'censorship.' What does that mean?
- Interior Department rule aims to crack down on methane leaks from oil, gas drilling on public lands
- Former Child Star Frankie Muniz's Multi-Million Dollar Net Worth May Surprise You
- Queen Camilla Shares Update on Kate Middleton After Cancer Diagnosis
- Travis Hunter, the 2
- Dallas resident wins $5 million on Texas Lottery scratch-off game
- Appeals court keeps hold on Texas' SB4 immigration law while it consider its legality
- Massachusetts man gets 40 years in prison for fatal attack on partner on a beach in Maine
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- 1 of 2 suspects in fatal shooting of New York City police officer is arrested
Ranking
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Settlement reached in lawsuit between Disney and Florida Gov. Ron DeSantis’ allies
- The story behind the luxury handbag Taylor Swift took to lunch with Travis Kelce
- The Daily Money: No more sneaking into the Costco food court?
- Trump wants to turn the clock on daylight saving time
- 'Pirates of the Caribbean' franchise to get a reboot, says producer Jerry Bruckheimer
- Connecticut coach Dan Hurley on competing with NBA teams: 'That's crazy talk'
- About 2,000 migrants begin a Holy Week walk in southern Mexico to raise awareness of their plight
Recommendation
Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
YouTuber Ninja Shares Skin Cancer Diagnosis
Debate emerges over whether modern protections could have saved Baltimore bridge
Apple announces Worldwide Developers Conference dates, in-person event
Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
'Pirates of the Caribbean' franchise to get a reboot, says producer Jerry Bruckheimer
Interior Department rule aims to crack down on methane leaks from oil, gas drilling on public lands
Real Housewives OG Luann de Lesseps Says She Can’t Live Without This Delicious Beauty Item