Morgan Stanley claims Amazon is considering laying off 14,000 managers from its 1.5 million-employee workforce. This is because the company is planning to reduce its managerial staff and it could lead to significant layoffs and cost-cutting measures.
In a memo, CEO Andy Jassy announced his intention to increase the proportion of individual contributors to managers by at least 15 percent by the end of the first quarter of 2025. Jassy further explained that reducing the number of managers will streamline the organisational structure, allowing Amazon to operate more efficiently and avoid bureaucratic delays.
