Current:Home > StocksWill Sage Astor-Amazon is cutting another 9,000 jobs as tech industry keeps shrinking -FinanceMind
Will Sage Astor-Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
Charles Langston View
Date:2025-04-07 17:28:52
Amazon is Will Sage Astorcutting 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! (177)
Related
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Body of duck hunter recovered from Alabama lake 2 days after his kayak capsized
- Ja Morant lawsuit provides glimpse into his youth, family and a contentious pickup game
- Shania Twain Jokes Brad Pitt's 60th Birthday Don't Impress Her Much in Cheeky Comment
- Trump wants to turn the clock on daylight saving time
- Woman slept with her lottery ticket to bring good luck, won $2 million when she woke up
- Gogl-mogl: old world home remedy that may comfort — even if it doesn't cure
- Australian jury records first conviction of foreign interference against a Chinese agent
- Meet first time Grammy nominee Charley Crockett
- Kate Middleton's Adorable Childhood Photo Proves Prince Louis Is Her Twin
Ranking
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Jim Ladd, icon of Los Angeles rock radio known as 'The Last DJ,' dead at 75
- Storm slams East Coast with wind-swept rain flooding streets, delaying travel: Live updates
- The 15 most-watched holiday movies this season. Did your favorite make the cut?
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- James McCaffrey, voice actor of 'Max Payne' games and 'Rescue Me' star, dies at 65
- Colorado woman gored by deer outside front door of her home
- Holiday gift ideas from Techno Claus for 2023
Recommendation
Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
Justice Sandra Day O’Connor, first woman on the Supreme Court, to be laid to rest at funeral Tuesday
Ottawa Senators fire coach D.J. Smith, name Jacques Martin interim coach
Five children, ages 2 to 13, die in house fire along Arizona-Nevada border, police say
SFO's new sensory room helps neurodivergent travelers fight flying jitters
First cardinal prosecuted in Vatican's criminal court convicted of embezzlement
Lower interest rates are coming. What does that mean for my money?
Putin hails Russia’s military performance in Ukraine and he vows to achieve Moscow’s goals