Current:Home > FinanceAmazon is cutting another 9,000 jobs as tech industry keeps shrinking-LoTradeCoin
Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
View Date:2024-12-23 23:33:04
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! (6)
Related
- North Carolina offers schools $1 million to help take students on field trips
- North Carolina legislature reconvenes to address budget, vouchers as big elections approach
- Biden implied his uncle lost in WWII was eaten by cannibals. Papua New Guinea's leader pushes back.
- The Best Personalized & Unique Gifts For Teachers That Will Score an A+
- Prominent conservative lawyer Ted Olson, who argued Bush recount and same-sex marriage cases, dies
- Douglas DC-4 plane crashes into river outside Fairbanks, Alaska; not clear how many people on board
- Advocacy groups say Texas inmates are 'being cooked to death' in state prisons without air conditioning
- Both bodies found five days after kayaks capsized going over a dangerous dam in Indianapolis
- Republican David Schweikert wins reelection in affluent Arizona congressional district
- Mississippi lawmakers haggle over possible Medicaid expansion as their legislative session nears end
Ranking
- Bill on school bathroom use by transgender students clears Ohio Legislature, heads to governor
- Slumping sluggers, ailing pitchers combining for some April anxiety in fantasy baseball
- In 2 years since Russia's invasion, a U.S. program has resettled 187,000 Ukrainians with little controversy
- Alabama lawmakers advance bill to ensure Biden is on the state’s ballot
- Rep. Michael McCaul of Texas says he was detained in airport over being ‘disoriented’
- Montana minor league baseball team in dispute with National Park Service over arrowhead logo
- Houston-area program to give $500 monthly payments to some residents on hold after Texas lawsuit
- Garland speaks with victims’ families as new exhibit highlights the faces of gun violence
Recommendation
-
Everard Burke Introduce
-
Ex-Washington police officer is on the run after killing ex-wife and girlfriend, officials say
-
Romance scammers turn victims into money mules, creating a legal minefield for investigators
-
The TikTok ban was just passed by the House. Here's what could happen next.
-
Vikings' Camryn Bynum celebrates game-winning interception with Raygun dance
-
Jana Kramer Considering Another Baby With Fiancé Allan Russell 5 Months After Giving Birth
-
Thieves take 100 cases of snow crabs from truck while driver was sleeping in Philadelphia
-
North Carolina man sentenced to six years in prison for attacking police with pole at Capitol