Current:Home > reviewsAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -AdvancementTrade
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-27 11:44:17
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! (78651)
Related
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Retirement planning: 3 crucial moves everyone should make before 2025
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
Ranking
- Sonya Massey's father decries possible release of former deputy charged with her death
- Rylee Arnold Shares a Long
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
Recommendation
The Louvre will be renovated and the 'Mona Lisa' will have her own room
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
Retirement planning: 3 crucial moves everyone should make before 2025
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning