The news: Amazon announced that it will lay off an additional 9,000 workers on top of the 18,000 job cuts it made in January.
A Monday memo from CEO Andy Jassy indicated that the most recent cuts will affect the company’s cloud division, advertising, HR, and Twitch, per CNBC.
Fears take shape: We predicted that tech industry layoffs would continue past January’s bloodbath. Amazon’s latest cuts follow similar moves by Meta, Google, and Microsoft.
Tech too reactive for its own good: Just like it was shortsighted during the pandemic, the tech industry may come to regret its deep workforce cuts in the future.
This article originally appeared in Insider Intelligence's Connectivity & Tech Briefing—a daily recap of top stories reshaping the technology industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily.
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