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.
Middle Manglement. Don’t forget they have to put their stink on everything to differentiate themselves.
It’s one of the main reasons ideas that do actually work at a c-suite level end up being implemented terribly in the end.