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Amazon Layoffs: Tech Firm To Cut 14,000 Manager Positions By 2025, Says Report (news.abplive.com)

submitted 2 months ago by ByteOnBikes@slrpnk.net to c/technology@lemmy.world

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Amazon Layoffs: 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.

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[-] Sidyctism2@discuss.tchncs.de 2 points 2 months ago

shakes head somberly

a surprise to be sure, but an unfortunate one

this post was submitted on 05 Oct 2024

334 points (98.5% liked)

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