Current:Home > StocksTrendPulse Quantitative Think Tank Center-Amazon is cutting another 9,000 jobs as tech industry keeps shrinking -ProsperityStream Academy
TrendPulse Quantitative Think Tank Center-Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
EchoSense Quantitative Think Tank Center View
Date:2025-04-07 06:26:21
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! (6)
Related
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Lala Kent Slams Tom Sandoval Over That Vanderpump Rules Reunion Comment About Her Daughter
- The Newest Threat to a Warming Alaskan Arctic: Beavers
- Humpback Chub ‘Alien Abductions’ Help Frame the Future of the Colorado River
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- An Unlikely Alliance of Farm and Environmental Groups Takes on Climate Change
- The Pregnant Workers Fairness Act is a game changer for U.S. women. Here's why.
- A Coal Ash Spill Made These Workers Sick. Now, They’re Fighting for Compensation.
- Meet first time Grammy nominee Charley Crockett
- Tyson Ritter Says Machine Gun Kelly Went Ballistic on Him Over Megan Fox Movie Scene Suggestion
Ranking
- Buckingham Palace staff under investigation for 'bar brawl'
- Penelope Disick Recalls Cleaning Blood Off Dad Scott Disick’s Face After Scary Car Accident
- Half a Loaf: Lawmakers Vote to Keep Some Energy Funds Trump Would Cut
- Coal’s Decline Not Hurting Power Grid Reliability, Study Says
- Trump issues order to ban transgender troops from serving openly in the military
- Turning Food Into Fuel While Families Go Hungry
- American Climate Video: An Ode to Paradise Lost in California’s Most Destructive Wildfire
- What is a heat dome? What to know about the weather phenomenon baking Texas
Recommendation
Pressure on a veteran and senator shows what’s next for those who oppose Trump
America’s No. 3 Coal State Sets Greenhouse Gas Reduction Targets
Idaho prosecutors to pursue death penalty for Bryan Kohberger in students' murders
Microinsurance Protects Poor Farmers Facing Increasing Risks from Climate Change
DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
Judge says witness list in Trump documents case will not be sealed
With Biden’s Win, Climate Activists See New Potential But Say They’ll ‘Push Where We Need to Push’
Vanderpump Rules' Ariana Madix & Raquel Leviss Come Face-to-Face for First Time Since Scandoval