Amazon.com Inc said on Monday it would cut 9,000 jobs, making it the latest Big Tech company to announce a second round of layoffs in the face of a possible recession.
CEO Andy Jassy said Amazon had added substantial amount of staff in the past few years, but the uncertain economy forced it to choose cost and headcount cuts.
Numerous tech giants including Microsoft Corp, Salesforce Inc, Alphabet and Meta Platforms have slashed thousands of jobs in recent months after pandemic-led hiring sprees left them overstaffed. Amazon follows Facebook-parent Meta in becoming the second bellwether to announce a second round of cuts.
CEO Andy Jassy said the company had added substantial amount of staff in the past few years, but the uncertain economy has forced it to choose cost and headcount cuts. The cuts will be concentrated in its cloud services, advertising and Twitch units.