The tech industry continues to be plagued by layoffs, with nearly 150,000 employees impacted since the start of 2023.
Amazon is the latest to announce a significant number of cuts, in an attempt to streamline costs.
“We intend to eliminate about 9,000 more positions in the next few weeks—mostly in AWS, PXT, Advertising, and Twitch. This was a difficult decision, but one that we think is best for the company long term,” said chief executive officer (CEO), Andy Jassy in a memo on Monday.
The company eliminated 18,000 positions in January, citing similar reasons, including uncertain economic conditions, and overhiring during the pandemic, as well as the aim to be “leaner while doing so in a way that enables us to still invest robustly in the key long-term customer experiences.”
Twitch CEO Dan Clancy noted that approximately 400 people would be let go, adding that Twitch’s user and revenue growth hasn’t “kept pace with our expectations.”
Affected employees will be supported with packages that include a separation payment, transitional health insurance benefits, and external job placement support.
Last week, Meta also announced another 10,000 job cuts, and a hiring freeze for around 5,000 additional roles. The company’s recruiting team is the first to be impacted, while tech and business groups will be notified in late April and May, respectively.