Current:Home > FinanceAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -MacroWatch
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-17 05:05:00
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! (732)
Related
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- ‘We Need to Hear These Poor Trees Scream’: Unchecked Global Warming Means Big Trouble for Forests
- Queer Eye's Tan France Welcomes Baby No. 2 With Husband Rob France
- Ireland Set to Divest from Fossil Fuels, First Country in Global Climate Campaign
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- New York AG: Exxon Climate Fraud Investigation Nearing End
- Hundreds of Clean Energy Bills Have Been Introduced in States Nationwide This Year
- Ryan Reynolds is part of investment group taking stake in Alpine Formula 1 team
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- 6 Ways Andrew Wheeler Could Reshape Climate Policy as EPA’s New Leader
Ranking
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Judge Dismisses New York City Climate Lawsuit Against 5 Oil Giants
- Carbon Tax and the Art of the Deal: Time for Some Horse-Trading
- Vaccines could be the next big thing in cancer treatment, scientists say
- Federal hiring is about to get the Trump treatment
- Montana bridge collapse sends train cars into Yellowstone River, prompting federal response
- American Climate Video: She Loved People, Adored Cats. And Her Brother Knew in His Heart She Hadn’t Survived the Fire
- The Best lululemon Father's Day Gifts for Every Kind of Dad
Recommendation
Trump's 'stop
Olivia Holt Shares the Products She Uses To Do Her Hair and Makeup on Broadway Including This $7 Pick
American Climate Video: Hurricane Michael Intensified Faster Than Even Long-Time Residents Could Imagine
988 mental health crisis line gets 5 million calls, texts and chats in first year
Buckingham Palace staff under investigation for 'bar brawl'
Energizing People Who Play Outside to Exercise Their Civic Muscles at the Ballot Box
American Climate Video: In Case of Wildfire, Save Things of Sentimental Value
Senate 2020: In Mississippi, a Surprisingly Close Race For a Trump-Tied Promoter of Fossil Fuels