Amazon.com Inc. on Monday said it would hatchet another 9,000 parts, adding to a wave of cutbacks that have cleared the innovation segment as an area where a questionable economy strengthens companies' urge to be leaner. 

Amazon will have cut 27,000 jobs in the past few months, or 9% of its approximately 300,000-strong corporate workforce, in a remarkable turn of events for a company that has long bragged about its ability to create jobs.

The most recent cuts center on Amazon's incredibly lucrative cloud and advertising businesses, which were once thought to be invincible before economic worries caused business customers to scrutinize their spending.

The layoffs will also have an impact on Twitch, Amazon's streaming service. Twitch's new CEO, Dan Clancy, announced last week that the company would let go of more than 400 workers.

By April, Amazon hopes to have decided who will be let go as part of the latest round of layoffs. Stock in the company dropped 1.8%.

The choice was made in response to a seemingly never-ending stream of layoff news in the technology industry, which saw some of the most valuable companies in the world, including Microsoft Corp. and Alphabet Inc., sever ties with staggering numbers of workers they had once courted en masse.

According to Wedbush Securities analyst Michael Pachter, "I don't think this means much for other companies, except that all will be more cautious before allowing their headcount to balloon in the future."

Meta Platforms Inc., the parent company of Facebook, announced last week that it would eliminate 10,000 jobs this year. This announcement marks the start of a second round of job cuts for the industry after it eliminated more than 11,000 positions in 2022.

Amazon's CEO, Andy Jassy, explained the choice in a memo to staff that was published online. He said it resulted from ongoing priority analysis and economic uncertainty.

Some may wonder why these role reductions weren't included in the ones that were previously announced, he wrote. The gist of it is that not all of the teams finished their analyses by the end of the fall.

"Given the uncertain economy in which we reside and the uncertainty that exists in the near future, we have chosen to be more streamlined in our costs and headcount."

According to a statement made by Amazon last month, operating profit may continue to decline in the upcoming quarter as a result of consumers' and cloud users' restrained spending.

Amazon is under fire from the labor and activist group Athena Coalition, which released the following statement: "None of these firings are necessary." Jassy has decided to make them happen in order to increase Amazon's profits.

In recent months, the company has reduced or stopped offering certain services, such as its virtual primary care program for employers.