Current:Home > FinanceAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -ProfitQuest Academy
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-12 21:22:32
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! (7)
Related
- Could your smelly farts help science?
- Striking photos show stunning, once-in-a-lifetime comet soaring over US
- Not exactly smooth sailing at the 52nd Albuquerque balloon fiesta after 4 incidents
- Bolivia Has National Rights of Nature Laws. Why Haven’t They Been Enforced?
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- J.Crew Outlet’s Extra 70% off Sale -- $228 Tweed Jacket for $30, Plus $16 Sweaters, $20 Pants & More
- Tia Mowry Shares How She Repurposed Wedding Ring From Ex Cory Hardrict
- Who plays on Monday Night Football? Breaking down Week 6 matchup
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- Bath & Body Works candle removed from stores when some say it looks like KKK hood
Ranking
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Trial set to begin for suspect in the 2017 killings of 2 teen girls in Indiana
- The NBA’s parity era is here, with 6 champions in 6 years. Now Boston will try to buck that trend
- Ariana Grande hosts ‘SNL’ for the first time since the last female presidential nominee
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Love Is Blind’s Chelsea Blackwell Reveals How She Met New Boyfriend Tim Teeter
- Back to the hot seat? Jaguars undermine Doug Pederson's job security with 'a lot of quit'
- Bath & Body Works Apologizes for Selling Candle That Shoppers Compared to KKK Hoods
Recommendation
US appeals court rejects Nasdaq’s diversity rules for company boards
Sacha Baron Cohen talks disappearing into 'cruel' new role for TV show 'Disclaimer'
Quentin Tarantino's 'Pulp' players: A guide to the actors who make his 'Fiction' iconic
Texas driver is killed and two deputies are wounded during Missouri traffic stop
'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
‘Terrifier 3’ slashes ‘Joker’ to take No. 1 at the box office, Trump film ‘The Apprentice’ fizzles
How The Unkind Raven bookstore gave new life to a Tennessee house built in 1845
USMNT shakes off malaise, wins new coach Mauricio Pochettino's debut