Current:Home > StocksAmazon is cutting another 9,000 jobs as tech industry keeps shrinking -Elevate Profit Vision
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View
Date:2025-04-17 21:16:11
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! (96735)
Related
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- New Sentinel nuclear warhead program is 81% over budget. But Pentagon says it must go forward
- Opponents of Louisiana’s Ten Commandments law want judge to block it before new school year starts
- Rikers Island inmates sue NYC claiming they were trapped in cells during jail fire that injured 20
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Paris Olympics 2024: USWNT soccer group and medal schedule
- Biden tells Hill Democrats he ‘declines’ to step aside and says it’s time for party drama ‘to end’
- Copa America 2024 Bracket: Canada, Argentina, Uruguay, Colombia remain for semifinals
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Is Boeing recovering the public's trust?
Ranking
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Shop This Celeb-Loved Posture-Correcting Bra & Never Slouch Again
- Entertainment giant Paramount agrees to a merger with Skydance
- Group files petitions to put recreational marijuana on North Dakota’s November ballot
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Here’s what to know about Boeing agreeing to plead guilty to fraud in 737 Max crashes
- Keanu Reeves and Girlfriend Alexandra Grant Take Winning Romance to Racing Event in Germany
- What are the best-looking pickup trucks in 2024?
Recommendation
Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
Back to Black Star Marisa Abela Engaged to Jamie Bogyo
From ‘Red October’ to ’30 Rock,’ a look at Alec Baldwin’s career on eve of ‘Rust’ shooting trial
Karen Read’s defense team says jurors were unanimous on acquitting her of murder
Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
Department of Education and Brown University reach agreement on antidiscrimination efforts
Justice Department files statement of interest in Alabama prison lawsuit
John Stamos' 6-year-old son Billy plays drums at Beach Boys concert