Amazon is cutting another 9,000 jobs as tech industry keeps shrinking

Canada News News

Amazon is cutting another 9,000 jobs as tech industry keeps shrinking
Canada Latest News,Canada Headlines
  • 📰 KPBSnews
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 63%

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 announcement comes after the company said it was laying off 18,000 employees in January.

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.

A previous version of this story stated that Amazon announced 10,000 layoffs in November. Amazon only announced that there would be layoffs.Mary Yang is an intern on the Business Desk where she covers technology, media, labor and the economy. She comes to NPR from Foreign Policy where she covered the beginning of Russia's war in Ukraine and built a beat on Southeast Asia, Asia and the Pacific Islands.Keep up with all the latest news, arts and culture, and TV highlights from KPBS.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

KPBSnews /  🏆 240. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Amazon to lay off additional 9,000 employees, on top of 18,000 in JanuaryAmazon to lay off additional 9,000 employees, on top of 18,000 in JanuaryAmazon plans to eliminate 9,000 jobs in the next few weeks, just months after it announced the biggest layoffs in the company's history.
Read more »

Russia, Wagner Group offenses in Bakhmut 'lowest' since January: U.K.Russia, Wagner Group offenses in Bakhmut 'lowest' since January: U.K.The British Ministry of Defense wrote on Saturday that Russian troops' power has been so 'depleted' that local offensives are no longer 'sustainable.'
Read more »

Six Oath Keepers convicted in connection with January 6 US Capitol riot | CNN PoliticsSix Oath Keepers convicted in connection with January 6 US Capitol riot | CNN PoliticsSix people affiliated with the Oath Keepers, a far-right militia, were convicted Monday of various charges related to the January 6, 2021, US Capitol insurrection.
Read more »

Amazon is cutting another 9,000 jobs as tech industry keeps shrinkingAmazon is cutting another 9,000 jobs as tech industry keeps shrinkingJUST IN: Amazon is cutting another 9,000 jobs, adding to the massive downsizing across the embattled tech sector.
Read more »

Deux rappels touchent plus de 300 000 Hyundai au Canada | Actualités automobile | Auto123Deux rappels touchent plus de 300 000 Hyundai au Canada | Actualités automobile | Auto123Plus de 300 000 véhicules Hyundai sont rappelés au Canada dans le cadre de deux campagnes importantes. Auto123 a les infos.
Read more »

Body of missing woman found in shopping cart in ChicagoBody of missing woman found in shopping cart in ChicagoThe woman was last seen getting into a rideshare in January.
Read more »



Render Time: 2025-02-28 19:11:06