Current:Home > InvestSafeX Pro:Amazon is cutting another 9,000 jobs as tech industry keeps shrinking -Ascend Finance Compass
SafeX Pro:Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
Indexbit Exchange View
Date:2025-04-08 19:02:43
Amazon is SafeX Procutting 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! (7)
Related
- 2 killed, 3 injured in shooting at makeshift club in Houston
- How dangerous climate conditions fueled Maui's devastating wildfires
- Clarence Avant, ‘Godfather of Black Music’ and benefactor of athletes and politicians, dies at 92
- Vanderpump Rules Star Scheana Shay’s Under $40 Fashion Finds Are “Good as Gold”
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Gwen Stefani's Son Kingston Rossdale Makes Live Music Debut at Blake Shelton's Bar
- Why haven't summer's extreme heat waves caused any blackouts? Renewable energy is helping.
- EXPLAINER: Why is a police raid on a newspaper in Kansas so unusual?
- $73.5M beach replenishment project starts in January at Jersey Shore
- Chrisley Family Announces New Reality Show Amid Todd and Julie's Prison Sentences
Ranking
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Pack for Your Next Vacation With Under $49 Travel Beauty Picks From Sephora Director Melinda Solares
- Peyton Manning's next venture: College professor at University of Tennessee this fall
- Michael Oher, Subject of Blind Side, Says Tuohy Family Earned Millions After Lying About Adoption
- The Daily Money: Spending more on holiday travel?
- 5 sought after shooting at Philadelphia playground kills 2, critically wounds 2
- Book excerpt: The Rabbit Hutch by Tess Gunty
- Russian fighter jet crashes at Michigan air show; video shows pilot, backseater eject
Recommendation
Rylee Arnold Shares a Long
Maui fires live updates: Fire 'deemed to be out' roared back to life, fueling tragedy
'No time to grieve': Maui death count could skyrocket, leaving many survivors traumatized
Gwen Stefani's Son Kingston Rossdale Makes Live Music Debut at Blake Shelton's Bar
Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
76ers shut down James Harden trade talks, determined to bring him back, per report
Ecuador was calm and peaceful. Now hitmen, kidnappers and robbers walk the streets
Rescued baby walrus getting round-the-clock cuddles as part of care regimen dies in Alaska