Amazon cuts 9,000 jobs — and more layoffs could be coming
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Amazon (NASDAQ:AMZN) announced another round of layoffs impacting thousands of employees on Monday and is eyeing potentially deeper staffing cuts.
CEO Andy Jassy told employees in a letter that 9,000 positions are due to be eliminated in coming weeks. The cuts are mainly focused in AWS, advertising, Twitch, and People Experience and Technology Solutions divisions.
Jassy explained that many of those business segments âadded a significant amount of headcountâ in recent years as the overall economy expanded. However, as uncertainty about the trajectory of the economy builds, management has been moved to become âmore streamlinedâ and âleanerâ into 2023. 
The latest round of cuts adds to the announcement of layoffs impacting 18,000 employees in January. 
âSome may ask why we didnât announce these role reductions with the ones we announced a couple months ago. The short answer is that not all of the teams were done with their analyses in the late fall; and rather than rush through these assessments without the appropriate diligence, we chose to share these decisions as weâve made them so people had the information as soon as possible,â Jassy told employees. âThe same is true for this note as the impacted teams are not yet finished making final decisions on precisely which roles will be impacted.â
The latest assessment is due to be completed by mid to late April. Any further announcements on headcount reductions will be made following the conclusion of the latest business review.
Amazon's total headcount more than doubled from 2019 to 2021, peaking at over 1.6M. As of the close of 2022, total headcount had dipped to about 1.54M.
Shares of Amazon (AMZN) fell 1.5% shortly after Mondayâs announcement.
Read more on Andy Jassyâs year-end outlook from 2022.