Today Amazon announced that it will be laying off 9,000 more workers after it cut 18,000 employees earlier this year, according to CNBC.
The news comes as Amazon has been dealing with a general slowdown in both its online commerce from expected numbers and the decline in ad revenue that is hitting tech companies across the board.
These new cuts will hit Amazon’s HR, Twitch streaming service, and advertising businesses.
Recently Google, Facebook, Twitter, and many others have all cut staff, pointing to ad revenues as one of the main reasons.
This news also comes as Amazon has also stopped work on its second headquarters. Originally Amazon’s HQ2 was scheduled for groundbreaking earlier this year, but now it has been indefinitely postponed. The HQ2 is not the only thing delayed, as over the last few years, Amazon retail building plans have slowed, and some stores closed. Amazon’s new CEO did recently say they do plan to expand its physical retail footprint in the years to come.
Amazon has recently faced slower growth as millions of Americans that turned to online shopping during the pandemic have now started to return to stores. Amazon is not alone in seeing slower online growth, as Walmart has also reported commerce growth slower than it has seen in previous years.
Amazon has made it clear that the HQ2 plans are not dead but for now they are on hold.