Current:Home > reviewsAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -Prime Money Path
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-16 19:05:48
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! (331)
Related
- Military service academies see drop in reported sexual assaults after alarming surge
- Vanderpump Rules Star Lala Kent Shares Pregnancy-Safe Skincare, Mom Hacks, Prime Day Deals & More
- Olympic track and field seeing dollar signs with splashy cash infusions into the sport
- The Chesapeake Bay Program Flunked Its 2025 Cleanup Goals. What Happens Next?
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Justin Timberlake Shares First Social Media Post Since DWI Arrest
- Arkansas man pleads not guilty to murder charges for mass shooting at grocery store
- GM brings in new CEO to steer troubled Cruise robotaxi service while Waymo ramps up in San Francisco
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Maui leaders target vacation rentals in proposal to house more locals
Ranking
- New data highlights 'achievement gap' for students in the US
- Two courts just blocked parts of Biden's SAVE student loan repayment plan. Here's what to know.
- RHONY Alum Kelly Bensimon Calls Off Wedding to Scott Litner 4 Days Before Ceremony
- Olympic champion swimmers tell Congress U.S. athletes have lost faith in anti-doping regulator
- Skins Game to make return to Thanksgiving week with a modern look
- Baby cousin with cancer inspires girls to sew hospital gowns for sick kids across U.S. and Africa
- Faster ice sheet melting could bring more coastal flooding sooner
- Rep. Lauren Boebert's district-switching gambit hangs over Colorado primary race
Recommendation
Sonya Massey's father decries possible release of former deputy charged with her death
3 ways the CDK cyberattack is affecting car buyers
The 2024 Denim Trends That You'll Want to Style All Year Long (and They Fit like a Jean Dream)
A co-founder of the embattled venture capital firm Fearless Fund has stepped down as operating chief
'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
Amazon wants more powerful Alexa, potentially with monthly fees: Reports
Alec Baldwin attorneys say FBI testing damaged gun that killed cinematographer; claim evidence destroyed
Longtime Predators GM David Poile, captain Shea Weber highlight 2024 Hockey Hall of Fame class