Amazon to cut 9,000 more jobs amid 'uncertain economy'
Amazon previously cut 18K jobs
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Amazon announced Monday that it plans to cut an additional 9,000 roles within the next few weeks amid the uncertain economic environment.
The latest workforce reduction will "mostly" impact its cloud computing unit Amazon Web Services and PXT, which handles human resources, as well as its advertising, and Twitch teams, CEO Andy Jassy said in a Monday blog post.
Twitch is a video service owned by Amazon.
AMAZON BEGINS CUTTING 18,000 WORKERS IN ITS BIGGEST LAYOFFS EVER
"This was a difficult decision, but one that we think is best for the company long term," Jassy said in the blog post.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| AMZN | AMAZON.COM INC. | 179.17 | -2.11 | -1.16% |
Jassy said that, "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."
The latest job cuts bring its total workforce reduction this year to 27,000, which is still a fraction of its overall global workforce of about 1.5 million.
The tech giant in January said it would begin laying off 18,000 employees as part of the largest round of job cuts in the company's history.
Amazon Senior Vice President Andy Jassy speaks during a keynote speech at the Re:Invent conference in Las Vegas, Nevada November 28, 2012. (REUTERS/Richard Brian / Reuters Photos)
The most recent round of layoffs was part of the second phase of the company’s annual planning process, which was completed this month, Jassy said.
AMAZON HALTS CORPORATE HIRING, CITING 'UNCERTAIN' ECONOMY
The company, like others in the sector, has been working to tighten its belt after rapidly hiring during the pandemic. Google parent Alphabet Inc., Twitter, Facebook parent Meta, Microsoft, Dell and Zoom – all announced layoffs in an effort to streamline operations.
An employee uses a laptop computer while packages move along a conveyor belt at the Amazon.com Inc. fulfillment center in Hyderabad, India on Thursday, Sep 7, 2017. (Dhiraj Singh/Bloomberg via Getty Images / Getty Images)
Tech companies benefited from a surge in demand for their products and services during the pandemic when people were forced to work from home.
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Jassy said Amazon will still have "limited hiring in some of our businesses in strategic areas where we’ve prioritized allocating more resources."
"The overriding tenet of our annual planning this year was to be leaner while doing so in a way that enables us to still invest robustly in the key long-term customer experiences that we believe can meaningfully improve customers’ lives and Amazon as a whole.
