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.
This’ll probably slow down career growth for a lot of people. Less facetime and work visibility for everyone below C-Suite. If your boss has 20 other direct reports, how do you stand out for promotions and raises? Also fewer leadership positions to get promoted to.
Tragic.
shakes head somberly
a surprise to be sure, but an unfortunate one