Current:Home > MarketsTrendPulse Quantitative Think Tank Center-Amazon is cutting another 9,000 jobs as tech industry keeps shrinking -Streamline Finance
TrendPulse Quantitative Think Tank Center-Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
Fastexy View
Date:2025-04-11 10:19:34
Amazon is TrendPulse Quantitative Think Tank Centercutting 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! (79831)
Related
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Must-see highlights from the world's top golfers as they battle at the 2023 Ryder Cup
- Here are the top 10 creators on the internet, according to Forbes
- Kourtney Kardashian Slams Narcissist Kim After Secret Not Kourtney Group Chat Reveal
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- 'I'm happy that you're here with us': Watch Chris Martin sing birthday song for 10-year-old on stage
- Russia is set to avoid a full ban from the 2024 Paralympics in Paris
- A Spanish court rejects appeal to reopen the investigation into tycoon John McAfee’s jail cell death
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- 9 years after mine spill in northern Mexico, new report gives locals hope for long-awaited cleanup
Ranking
- US appeals court rejects Nasdaq’s diversity rules for company boards
- AP PHOTOS: Tens of thousands of Armenians flee in mass exodus from breakaway region of Azerbaijan
- Peter Thomas Roth Flash Sale: Get $116 Worth of Skincare Products for Just $69
- AP Week in Pictures: North America
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- 'It was so special': Kids raise $400 through lemonade stand to help with neighborhood dog's vet bills
- Stop this effort Now: Democratic Party officials urge leaders to denounce No Labels in internal email
- Iranian forces aimed laser at American military helicopter multiple times, U.S. says
Recommendation
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Kylie Jenner's Naked Dress Is Her Most Glamorous Look Yet
From vegan taqueros to a political scandal, check out these podcasts by Latinos
Clock is ticking as United Autoworkers threaten to expand strikes against Detroit automakers Friday
South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
Chico's to sell itself to Sycamore Partners in $1B deal, prompting stock price to surge
A small plane has crashed in Zimbabwe and authorities suspect all 6 people on board are dead
Peruvian man arrested for allegedly sending bomb threats when minors refused to send him child pornography