Current:Home > ContactAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -Mastery Money Tools
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-17 08:22:27
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! (933)
Related
- Questlove charts 50 years of SNL musical hits (and misses)
- Inside Clean Energy: Yes, There Are Benefits of Growing Broccoli Beneath Solar Panels
- Inside Clean Energy: In a World Starved for Lithium, Researchers Develop a Method to Get It from Water
- Republican attacks on ESG aren't stopping companies in red states from going green
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Biden kept Trump's tariffs on Chinese imports. This is who pays the price
- A University of Maryland Center Just Gave Most State Agencies Ds and Fs on an Environmental Justice ‘Scorecard’
- Inside Clean Energy: The US’s New Record in Renewables, Explained in Three Charts
- Skins Game to make return to Thanksgiving week with a modern look
- Wildfires Are Burning State Budgets
Ranking
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- The Fed decides to wait and see
- Over 1,000 kids are competing in the 2023 Mullet Championships: See the contestants
- Denver psychedelics conference attracts thousands
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Post-Tucker Carlson, Fox News hopes Jesse Watters will bring back viewers
- Here's How Margot Robbie Really Achieves Her Barbie Blonde Hair
- Indigenous Leaders in Texas Target Global Banks to Keep LNG Export Off of Sacred Land at the Port of Brownsville
Recommendation
Meta releases AI model to enhance Metaverse experience
Inside Clean Energy: Some EVs Now Pay for Themselves in a Year
The Energy Transition Runs Into a Ditch in Rural Ohio
Inside Clean Energy: Navigating the U.S. Solar Industry’s Spring of Discontent
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
China owns 380,000 acres of land in the U.S. Here's where
All My Children Star Jeffrey Carlson Dead at 48
Not coming to a screen near you — viewers will soon feel effects of the writers strike