"More than 78% of the roles eliminated on Tuesday were held by managers assigned L5 to L7 designations, the internal data obtained by BI showed. This data focuses mostly on US operations. L5 is typically the starting point for managers at Amazon, with more seniority assigned to higher levels. The US-focused data also showed that more than 80% of the employees ousted on Tuesday worked in Amazon's retail business, spanning e-commerce, human resources, and logistics."
"The job cuts highlight Amazon's push to streamline its management structure and reduce bureaucracy. CEO Andy Jassy has sliced the manager-to-employee ratio by 15% this year as part of a broader effort to instill more discipline and reshape the company's culture. The focus on retail employees also reflects Amazon's drive for increased efficiency and higher profit margins in its most mature business."
"The data is a breakdown of roughly 7,500 employees who first received layoff notices on Tuesday. Most of these employees were based in the US. The other roughly 6,500 employees impacted by Tuesday's job cuts were mostly spread across different regions, including India and Europe, a person directly involved in the matter told Business Insider. An Amazon spokesperson didn't respond to a request for comment. The company announced on Tuesday that it planned to cut 14,000 corporate jobs to be leaner and "innovate much faster." The job cuts are part of a wave that could potentially total 30,000, according to Reuters and the Wall Street Journal."
Amazon cut 14,000 corporate jobs on Tuesday to be leaner and "innovate much faster." Internal US-focused data shows more than 78% of roles eliminated were managers assigned L5 to L7 designations. More than 80% of the employees ousted worked in Amazon's retail business, spanning e-commerce, human resources, and logistics. CEO Andy Jassy reduced the manager-to-employee ratio by 15% this year to streamline management, reduce bureaucracy, and reshape company culture. Roughly 7,500 employees first received layoff notices in the US, while about 6,500 others were impacted across regions including India and Europe, and reports suggest the broader wave could total 30,000 layoffs.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]