Current:Home > MarketsWill Sage Astor-Amazon is cutting another 9,000 jobs as tech industry keeps shrinking -ProsperityStream Academy
Will Sage Astor-Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
SignalHub Quantitative Think Tank Center View
Date:2025-04-07 13:02:19
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! (8)
Related
- What to watch: O Jolie night
- Military families brace for another government shutdown deadline
- You can get a dozen doughnuts from Krispy Kreme for $2.29 on Leap Day. Here's how.
- Peter Anthony Morgan, lead singer of reggae band Morgan Heritage, dies at age 46
- Meta releases AI model to enhance Metaverse experience
- Why so much of the US is unseasonably hot
- Purdue, Houston, Creighton lead winners and losers from men's college basketball weekend
- Firefighters needed so much water that a Minnesota town’s people were asked to go without
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Most-Shopped Celeb-Recommended Items This Month: Olivia Culpo, Kyle Richards, Zayn Malik, and More
Ranking
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Lori Loughlin's Gift to Daughter Olivia Jade Will Have You Rolling With Laughter
- What The Bachelor's Joey Graziadei Wants Fans to Know Ahead of Emotional Season Finale
- Officials honor Mississippi National Guardsmen killed in helicopter crash
- The company planning a successor to Concorde makes its first supersonic test
- Independent Spirit Awards 2024: 'Past Lives,' 'American Fiction' and 'The Holdovers' take home top honors
- Tipped-over Odysseus moon lander, spotted by lunar orbiter, sends back pictures
- California utility will pay $80M to settle claims its equipment sparked devastating 2017 wildfire
Recommendation
Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
Virginia couple missing in Grenada and feared killed after yacht allegedly stolen by escaped criminals
Jodie Turner-Smith speaks out about Joshua Jackson divorce: 'I don't think it's a failure'
Version 1.0: Negro Leagues statistics could soon be entered into MLB record book.
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
A fellow student is charged with killing a Christian college wrestler in Kentucky
Attorneys argue over whether Mississippi legislative maps dilute Black voting power
Delaware’s early voting and permanent absentee laws are unconstitutional, a judge says