Amazon to cut another 9,000 jobs

Amazon will cut another 9,000 jobs in the coming weeks, CEO Andy Jassy said in a memo to staff on Monday. This is the second round of layoffs this year at the e-commerce behemoth, which announced plans in January to reduce its workforce by 11,000 and later revised the figure up to 18,000. Facebook parent company Meta also announced a fresh round of job cuts last week, saying it will shed 10,000 positions in addition to the 11,000 it eliminated in late 2022. The ongoing reductions suggest many tech companies still consider themselves overstaffed after hiring aggressively during pandemic boom times.