Amazon to lay off 9,000 more workers.
Amazon is cutting 9,000 more jobs, CEO Andy Jassy announced Monday in a memo to staff.
The latest cuts come after the company announced earlier this year that it was eliminating some 18,000 positions as part of a major cost-cutting bid at the e-commerce giant.
“This was a difficult decision, but one that we think is best for the company long term,” Jassy wrote in the memo.
“Some may ask why we didn’t announce these role reductions with the ones we announced a couple months ago,” Jassy added.
“The short answer is that not all of the teams were done with their analyses in the late fall; and rather than rush through these assessments without the appropriate diligence, we chose to share these decisions as we’ve made them so people had the information as soon as possible.”
The latest layoffs at Amazon come amid a spate of job cuts in the technology industry in recent months, as the sector confronts a whiplash in pandemic-induced demand for digital goods and services and broader macroeconomic uncertainty.
Amazon, like a number of other Big Tech companies, also rapidly grew its headcount during the early days of the pandemic.
Jassy wrote on Monday that the hiring “made sense given what was happening in our businesses and the economy as a whole.”
“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,” he added.
“Like many companies, our business has been impacted by the current macroeconomic environment, and user and revenue growth has not kept pace with our expectations,” Clancy wrote. “In order to run our business sustainably, we’ve made the very difficult decision to shrink the size of our workforce.”