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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
·
10m 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.
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Related News
Tech layoffs 2025: Turmoil as ADM trims 700 jobs, Salesforce slashes 1,000 after Microsoft, Meta, and Amazon axe
Livemint
·
6m ago
Medial
In 2025, major tech and corporate firms, including ADM and Salesforce, are implementing significant layoffs amid market challenges. ADM plans to cut 700 jobs globally to save costs due to market uncertainties. Salesforce is laying off over 1,000 employees while hiring for AI initiatives, with laid-off staff able to reapply internally. Microsoft, Meta, and Amazon are also reducing jobs, citing performance and economic reasons, contributing to widespread industry employment turmoil.
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Amazon layoffs: 14,000 managerial roles to go in restructuring push
Economic Times
·
4m ago
Medial
Amazon plans to eliminate 14,000 managerial roles globally by 2025 to cut costs and enhance efficiency, reducing its management workforce by 13%. This restructuring, part of CEO Andy Jassy's strategy, aims to streamline operations by increasing the ratio of individual contributors to managers. Initiatives include a bureaucracy tipline and revised managerial guidelines. These changes reflect broader tech industry trends in 2025 as companies seek to tighten costs amid slower growth.
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Volkswagen Layoffs Gain Speed: 20,000 Exit Early as 35,000 Job Cuts Proceed
StartupTalky
·
2m ago
Medial
Volkswagen plans to cut 35,000 jobs by 2030 due to cost-cutting and Trump tariffs impacting the German auto sector. 20,000 employees have opted for voluntary retirement. The majority of layoffs will be in Germany. Severance payments, possibly up to $400,000, are planned. Apprenticeships will be reduced from 1,400 to 600 annually from 2026. These actions aim to save 1.5 billion euros annually and address issues from weak demand and tariff consequences.
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Silicon Valley is betting a Musk-inspired Trump could unleash a startup boom
Business Insider
·
9m ago
Medial
The tech industry is optimistic about the future under the Trump administration, with expectations of deregulation and increased innovation. Many venture capitalists and Silicon Valley executives believe that Trump's potential appointment of Elon Musk to White House roles could lead to the removal of dealmaking regulations and the easing of red tape that has hindered tech growth in recent years. Additionally, there is hope for relaxation in antitrust policies and clearer cryptocurrency rules. Overall, the tech industry anticipates an acceleration of innovation and business opportunities during Trump's presidency.
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Bumble layoffs: Dating app to cut 30% global workforce, impacting over 240 roles - The Economic Times
Economic Times
·
1m ago
Medial
Bumble is cutting 30% of its global workforce, affecting over 240 roles, to focus on strategic priorities and save approximately $40 million annually. The savings will be reinvested into product and technology development. The company expects costs for employee severance and related expenses to range between $13 million and $18 million. Bumble's revenue for the next quarter is anticipated to be $244 million to $249 million, with adjusted EBITDA of $88 million to $93 million.
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The US Government Is Now the Hottest Tech Employer in Town
Wired
·
1y ago
Medial
The tech job market has been unstable, with many layoffs in the industry. As a result, the US government is now considered an appealing employer for tech workers. Public sector roles are gaining popularity due to perks like pensions and a sense of doing good. The US Department of Veterans Affairs adjusted pay to attract tech talent and has hired over 1,000 people in tech jobs. However, government work can come with challenges such as red tape and slow processes. Despite this, there is an interest in government jobs among tech workers, with many registering for Tech to Gov career events. Smaller government agencies are also making efforts to recruit tech talent.
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Year ender 2024: The year that saw big tech job cuts surge
Economic Times
·
7m ago
Medial
In 2024, major tech companies like Google, Amazon, Apple, and Microsoft significantly increased layoffs due to economic uncertainties and technological advancements, particularly in AI. Google cut top management and advertising roles; Amazon downsized its streaming and AWS divisions; Apple laid off employees in self-driving and services groups. Microsoft, Intel, Dell, Cisco, Tesla, GoPro, and Freshworks also made notable workforce reductions, targeting cost-cutting and restructuring efforts amid challenging market conditions.
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Amazon trims jobs in devices and services unit
Economic Times
·
2m ago
Medial
Amazon has cut around 100 jobs in its devices and services unit, including roles related to Kindle, Echo, Alexa, and Zoox self-driving cars, as part of regular business reviews and efforts to improve efficiency. The cuts are a small part of the unit, with no specific details on the divisions affected. This follows previous reductions in Alexa-related jobs and other internal teams. Amazon aims to streamline operations under CEO Andy Jassy's leadership.
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Amazon Games cuts 180 jobs
Economic Times
·
1y ago
Medial
Amazon.com has cut approximately 180 jobs in its games division, marking the second round of layoffs in under a week. The company cited the need to focus resources on areas with the highest growth potential. The restructuring comes after a round of job cuts in the streaming music and podcast division. Amazon remains committed to developing and publishing games and is actively recruiting for other roles in the games division. This follows a previous cut of about 100 jobs in the games unit in April.
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Amazon Prime Video cracks down: Password sharing changes coming in 2025 | Mint
Livemint
·
7m ago
Medial
Amazon Prime Video is implementing password sharing rules in India, which will take effect from 2025. Subscribers will be allowed to log in to a maximum of five devices, including two TVs. Currently, users can log in to up to 10 devices with no specific sub-limits. This change follows the announcement that Amazon Prime Video will start showing ads during TV shows and movies in 2025. Amazon Prime subscriptions in India are priced at ₹1,499 annually, with options for quarterly and monthly subscriptions as well.
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