Comment on Amazon could cut 14,000 managers soon and save $3 billion a year, according to Morgan Stanley

Amazon could cut 14,000 managers soon and save $3 billion a year, according to Morgan Stanley

Amazon's headquarters in Seattle.APMorgan Stanley estimates Amazon can cut 13,834 managers and save roughly $3 billion next year.CEO Andy Jassy has said he wants to change the ratio of individual contributors to managers.He's taking aim at bureaucracy across Amazon's massive workforce.Amazon's plan to have fewer managers could result in huge job cuts and cost savings.CEO Andy Jassy said last month that he wanted to increase the ratio of individual contributors to managers by at least 15% by the end of the first quarter of 2025.

 

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