Amazon (NASDAQ:AMZN) said it plans to reduce its workforce by an additional 9,000 jobs soon. This move is part of a trend of major technology firms laying off employees in response to the current economic slowdown and higher interest rates.

Amazon CEO Andy Jassy announced the job cuts in a memo to staff, stating that the reductions will mainly affect the company's Cloud hosting division, Amazon Web Services, its advertising unit, and its videogame streaming service Twitch. The HR division, now known as PXT, will also experience cuts.

Jassy explained that this was a challenging decision but necessary for the company's long-term success, as Amazon aims to become more efficient. Only two months ago, Amazon confirmed a previous round of 18,000 job cuts. This announcement follows Meta Platforms' recent announcement of another significant round of job cuts.