Amazon to Slash 14,000 Management Roles in Cost-Cutting Drive

Amazon plans to cut approximately 14,000 managerial positions by early 2025, aiming for annual savings of $2.1 billion to $3.6 billion. This represents a 13% reduction in its global management workforce, shrinking the number of managers from 105,770 to 91,936. The move, part of CEO Andy Jassy's strategy to streamline operations and decision-making, follows previous layoffs and is accompanied by initiatives like a 'bureaucracy tipline' to identify inefficient processes. This latest cost-cutting measure adds to over 27,000 job cuts in 2022 and 2023.