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Amazon set to axe 14,000 manager roles by 2025 to cut red tape; move to help save $3 billion annually: Report | Mint

Livemint · 9m ago

Medial

- Amazon may cut 14,000 manager roles to save $3 billion annually, according to reports. - CEO Andy Jassy aims to increase the ratio of individual contributors to managers by 15% by March 2025 for more efficient decision-making. - Employees can now report unnecessary procedures via a "bureaucracy tipline" launched by Jassy. - The restructuring plan will reduce nearly 13,834 manager jobs, saving $2.1 billion to $3.6 billion. - Amazon has approximately 1,05,770 managers worldwide, which will decrease to 91,936 by Q1 2025. - Savings from the job cuts will account for approximately 3% to 5% of Amazon's estimated operating profit for the following year.