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Amazon and the endangered future of the middle manager
AMZNAmazon(AMZN) CNBC·2024-12-15 14:06

Morgan Stanley analysts suggested that Amazon could cut as many as 14,000 management positions , with the corporate efficiencies accounting for $2 billion-$4 billion in savings. Morgan Stanley's forecast was based on an assumption that Jassy made in the note that Amazon is targeting an increase in the ratio of individual contributors to managers "by at least 15% by the end of 1Q25, across all divisions."Over the past few years, layoffs have been as prominent as hiring in the tech sector. In 2022-2023, the s ...