On Tuesday, March 18, e-commerce specialty Amazon will lay off 14,000 management jobs in early 2025 as the trillion-dollar company aims to save costs.
According to reports, the company is trying to save $2.1 billion to $3.6 billion a year after reducing its workforce by 13%. These management position cuts will reduce the company’s managers to 91,936 managers, compared with the current manager level of 1,05,770 managers.
Gurmeet Chadha’s managing partner and chief investment officer (CIO) in a social media post on Platform X, calling Amazon, said the job cuts are full of advances in industry terms and AI.
“As Amazon lay off employees in November, there will be another 10,000 people,” Chada said.
The CIO also stressed that AI or any other technology that makes people suffer is “useless.”
He said: “As Guru Nanak Devji said, I value the old school more.
Amazon’s layoff plan
according to Business Insider According to people aware of this development, Amazon’s report comes from 2025, and Amazon told some of its managers to increase their direct reports, reduce senior recruitment and reduce payments to some employees.
In September 2024, Amazon CEO (CEO) Andy Jassy announced that his plan will increase the individual contributor-to-manager ratio by 15% by the end of March 2025.
Amazon aims to reduce the level of the company’s ladder, aiming to “reduce bureaucracy” and increase the speed of the company, according to the news portal.
According to a report from the news portal, the shift from the company’s intention to completely change the management structure, layoffs could affect thousands of Amazon business employees.
Amazon shares fell 1.28% to $193.36 ahead of Tuesday’s Wall Street meeting, compared with $195.74 at the end of the previous U.S. market.
