Amazon to cut 9,000 jobs in its cloud services, advertising and Twitch units | Business News

Amazon has announced it will cut another 9,000 jobs over the next few weeks.

The cuts will be made to the company’s cloud, advertising and Twitch service units, and the following businesses announced 18,000 job cuts in January.

In a message to employees, Chief Executive Andy Jassy said “uncertain economic conditions” were to blame for the decision.

In the memo, Mr Jassy wrote: “As we wrapped up the second phase of our operational plan last week, I am writing to share that we plan to remove approximately 9,000 additional positions over the next few days. next week – mainly in AWS, PXT, Ads and Twitch.

“This has been a difficult decision, but one that we think is best for the company in the long term.

“To those ultimately affected by these cuts, I want to thank you for the work you’ve done on behalf of your customers and the company.

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“It’s never easy to say goodbye to our teammates, and you’ll be missed.”

The cuts, which will apply across the company’s entire global business, are in addition to the 18,000 job cuts the business announced in January.

Amazon also revealed separate plans to close three UK warehouses and seven delivery stations in January, affecting more than 1,200 other jobs.

It follows a series of job cuts in the Big Tech industry.

Last week, Facebook-parents meta The platforms said they would cut 10,000 jobs this year, following the first wave of layoffs last fall, where the tech company cut 11,000 jobs.

In January, Alphabet, the parent company of Googleannounced 12,000 workers will be laid off globally.

Recession fears have hit both business and consumer spending globally, prompting the likes of Apple, Alphabet and Amazon, all of which to signal a tough recovery from their peaks. year 2021.

After exploding in popularity during the pandemic and hiring 800,000 more workers, Mr. Jassy has tried to drastically reduce spending, cut non-essential businesses and slow hiring, after the share price of Mr. Amazon is down nearly 50% last year.

The drop wiped out around £678 billion from the company’s market valuation.


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