Amazon is cutting another 9,000 jobs as tech industry keeps shrinking

Amazon is reportedly cutting 9,000 jobs across various departments as the tech industry continues to shrink. The e-commerce giant has been hit hard by the pandemic, which has shifted consumer spending towards essential items and away from discretionary purchases. The job cuts are expected to affect both corporate and warehouse positions, with some roles being outsourced to third-party contractors. Despite the setbacks, Amazon has remained profitable and continues to invest in new ventures such as healthcare and grocery delivery. The company also plans to hire 100,000 workers for its fulfillment centers and delivery network. However, the news of the job cuts highlights the ongoing challenges faced by the tech industry, which is experiencing a slowdown in growth and innovation. As the pandemic rages on and the economy remains uncertain, it is important to keep a close eye on the tech industry and its impact on the broader economy. This latest news from Amazon is a reminder that even the biggest players in the industry are not immune to the challenges of the times.