https://news.abplive.com/business/amazon-layoffs-tech-firm-to-cut-14-000-manager-positions-by-2025-ceo-andy-jassy-1722182
Amazon is reportedly planning to reduce 14,000 managerial positions by early next year in a bid to save $3 billion annually, according to a Morgan Stanley report. This initiative is part of CEO Andy Jassy's strategy to boost operational efficiency by increasing the ratio of individual contributors to managers by at least 15 per cent by March 2025.
This initiative from the tech giant is designed to streamline decision-making and eliminate bureaucratic hurdles, as reported by Bloomberg.
Jassy highlighted the importance of fostering a culture characterised by urgency, accountability, swift decision-making, resourcefulness, frugality, and collaboration, with the goal of positioning Amazon as the world’s largest startup.
How do you think this will impact the company ?
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Amazon is planning to cut as many as 30,000 corporate jobs beginning Tuesday, as the company works to pare expenses and compensate for overhiring during the peak demand of the pandemic, according to three people familiar with the matter.
The figure represents a small percentage of Amazon’s 1.55 million total employees, but nearly 10% of the company’s roughly 350,000 corporate employees. This would represent the largest job cut at Amazon since around 27,000 jobs were eliminated starting in late 2022.
Managers of impacted teams were asked to undergo training on Monday for how to communicate with staff following notifications that will start going out via email tomorrow morning
https://www.reuters.com/business/world-at-work/amazon-targets-many-30000-corporate-job-cuts-sources-say-2025-10-27/
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