Amazon Layoffs: Tech Firm To Cut 14,000 Manager Positions By 2025, Says Report

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 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. 

Jassy also introduced a "bureaucracy tipline" that allows employees to report unnecessary procedures that hinder their work, according to the report.

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