Amazon is cutting another 9,000 jobs

Second wave of layoffs at Amazon: 9,000 more employees lose their jobs. At the beginning of the year, the world’s largest online retailer had already cut 18,000 of its then more than 1.5 million jobs.

Amazon is cutting another 9,000 jobs. Company boss Andy Jassy announced the second wave of job cuts in an email to the workforce, as reported by broadcaster CNBC and financial service Bloomberg, among others. The cloud division AWS, the advertising department and the live streaming service Twitch are particularly affected.

At the beginning of the year, the world’s largest online retailer had already cut 18,000 of its more than 1.5 million jobs at the time. The cuts affected the loss-making equipment and services division. This includes the Echo smart speakers and the Alexa language assistant program.

In November 2022 there was talk of only 10,000 jobs. However, Jassy had signaled that there could be further job cuts in 2023.

boom during the pandemic

Tech giants had also significantly expanded their workforces with the business upswing in the corona pandemic. At Amazon, the number of full-time and part-time employees doubled from 800,000 at the end of 2019 to more than 1.6 million at the end of 2021.

However, rising inflation and the looming recession are making the technology sector more difficult.

Last week, the Facebook group Meta became the first of the online giants to initiate a second round of job cuts. After 11,000 jobs in November, around 10,000 more jobs are now to be cut and 5,000 vacancies not to be filled.

Analyst Dan Ives said the downsizing in the industry would continue. “We expect industry-wide job cuts of another five to ten percent. Because many companies spent money like rock stars of the 1980s.”