Headline RoundupMarch 21st, 2023

Amazon Cuts 9,000 More Jobs as Tech Layoffs Continue

AllSides Summary

On Monday, Amazon announced plans to lay off another 9,000 employees after laying off 18,000 in January, the latest development in a high-profile round of Big Tech job cuts. 

The Details: The previous layoffs came from retail units and low-margin Amazon devices, while the new cuts will mostly come from Amazon Web Services, Advertising, Twitch, and the PXT (people, experience, and tech) units. 

Key Quote: “This was a difficult decision, but one that we think is best for the company long term,” Amazon CEO Andy Jassy wrote in a memo.

For Context: Many tech companies ramped up hiring during the coronavirus pandemic, and are now having to slim down quickly. Employees at Google are reportedly annoyed with management after a series of layoffs, and are asking that laid-off workers be given priority for open positions in the future. Samsung and Meta also announced layoffs this week. According to Crunchbase, over 100,000 U.S. tech workers have been laid off so far in 2023.

How the Media Covered It: Sources across the political spectrum covered the new round of layoffs at Amazon, with many noting the large number of jobs cuts in the technology industry over the last few months.

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