this post was submitted on 05 Oct 2024
334 points (98.5% liked)

Technology

59148 readers
1986 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
334
Amazon Layoffs: Tech Firm To Cut 14,000 Manager Positions By 2025, Says Report (news.abplive.com)
submitted 1 month ago by [email protected] to c/[email protected]
51 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 12 points 1 month ago (1 children)

This'll probably slow down career growth for a lot of people. Less facetime and work visibility for everyone below C-Suite. If your boss has 20 other direct reports, how do you stand out for promotions and raises? Also fewer leadership positions to get promoted to.

[–] [email protected] 6 points 1 month ago (1 children)

Tragic.

[–] [email protected] 2 points 1 month ago

shakes head somberly

a surprise to be sure, but an unfortunate one