Amazon to lay off 9,000 more employees

Today, March 20, Amazon CEO Andy Jesse announced on the reduction of another 9 thousand employees. At the beginning of the Amazon year announced on layoffs of 18,000 workers, bringing the total number of layoffs to 27,000. The current round of layoffs will primarily affect employees of the AWS cloud service, the Twitch video service, the advertising department, and PXT, which deals with personnel issues and the development of internal HR tools. Mr. Jesse attributed the cuts to the need to cut costs amid continued economic uncertainty.

The new layoffs at Amazon are part of a general trend in the tech industry, where companies are laying off employees amid economic instability, declining online advertising revenue, etc. Many large tech companies have announced layoffs recently, including Alphabet, Microsoft , 3M, IBM, SAP, Dow, Spotify, Cisco Systems and Dell. According to the service Layoffs.fyitech laid off a total of more than 150,000 employees last year and more than 139,000 since the start of 2023 (excluding Amazon’s current layoffs).

Amazon shares fell 1.5% today.

Yana Rozhdestvenskaya