Wednesday, July 23, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Here’s What Amazon Is Doing To Cut Down On Middle Management

by SB Crypto Guru News
January 30, 2025
in NFT
Reading Time: 2 mins read
0 0
A A
0


Amazon announced on Wednesday that it was laying off dozens of workers in its communications and sustainability departments, and earlier this month, the company let go of 200 employees from its North America stores team. It’s only the beginning.

In September, Amazon CEO Andy Jassy announced that the company would be eliminating excess layers of middle management by the end of March. Now, a leaked Amazon Web Services (AWS) sales team guidelines document, obtained by Business Insider on Thursday, sheds light on how those middle-manager cuts will happen.

The document tells AWS sales managers to increase their number of direct reports, pause hiring new managers, and demote some managers down a level to a non-managerial position of less pay. An Amazon spokesperson did not confirm the internal guidance to BI. AWS had about 115,000 employees out of Amazon’s total 1.55 million.

When it comes to direct reports, the leaked document requires managers to have at least eight team members, up from the six that Amazon founder Jeff Bezos required in 2017.

The AWS sales team guidelines also advised a pause on hiring new managers, stating that the team had hired more managers than entry-level employees in the past few years, driving costs up. Amazon’s structure had become more diamond-shaped than pyramid-shaped, the document stated, referring to the heavier middle management layer.

The final recommendation in the leaked documentation was to move managers down a level to individual contributors, which has a lower pay range. Two AWS employees told BI that this had already happened to several managers.

Andy Jassy. Photo by Noah Berger/Getty Images for Amazon Web Services

These changes arrive in response to Jassy’s September note, which asked each senior leadership team to “increase the ratio of individual contributors to managers by at least 15% by the end of Q1 2025.”

Related: ‘Not a Cost Play’: Amazon CEO Clarifies Why Employees Have to Come Back to the Office

A Morgan Stanley note to investors in October estimated that Amazon could let go of 13,834 managers under Jassy’s guidelines, assuming that 7% of Amazon’s workforce is management. Amazon had 105,770 managers as of the second quarter of 2024 and would cut that number down to 91,936 managers by the first quarter of 2025, per the note.

Morgan Stanley estimated that if Amazon’s cost per manager ranged from $200,000 to $350,000 per year, Amazon would save between $2.1 billion and $3.6 billion by reducing its manager headcount.

At a November all-hands meeting, Jassy explained that changes to middle management were necessary to keep Amazon competitive. He had created a “Bureaucracy Mailbox” in September for Amazon employees to email him examples of excessive processes or rules that could be eliminated. As of November, that inbox had received more than 500 emails, with Amazon taking action on more than 150 employee suggestions.

“The reality is that the [senior leadership team] and I hate bureaucracy,” Jassy said. “One of the reasons I’m still at this company is because it’s not a political or bureaucratic place.”

Related: I Tried Buying a Car on Amazon. Here Are the Pros and Cons.



Source link

Tags: AmazonBitcoin NewsCrypto NewsCrypto UpdatesCutHeresLatest News on CryptomanagementMiddleSB Crypto Guru News
Previous Post

Kraken Revives Crypto Staking for U.S. Customers After SEC Settlement

Next Post

Securitize Expands Tokenized Treasuries to Solana, Opening New Investor Access

Related Posts

French culture minister Rachida Dati to face trial for alleged corruption – The Art Newspaper

French culture minister Rachida Dati to face trial for alleged corruption – The Art Newspaper

by SB Crypto Guru News
July 23, 2025
0

The French culture minister Rachida Dati is to face trial in Paris on charges of alleged corruption and “influence peddling” from...

OpenAI CEO Sam Altman Is Terrified About AI Bank Fraud

OpenAI CEO Sam Altman Is Terrified About AI Bank Fraud

by SB Crypto Guru News
July 22, 2025
0

Sam Altman, the CEO of $300 billion AI startup OpenAI, is asking finance industry leaders to stay ahead of AI...

Chili’s Is Selling Boots, Belts Made From Its Red Booths

Chili’s Is Selling Boots, Belts Made From Its Red Booths

by SB Crypto Guru News
July 22, 2025
0

Chili's Grill & Bar is partnering with Texas-footwear brand Tecovas to launch a limited-edition collection of "Booth Boots," which is...

Italian culture minister embroiled in row with prominent historian who criticised government policy – The Art Newspaper

Italian culture minister embroiled in row with prominent historian who criticised government policy – The Art Newspaper

by SB Crypto Guru News
July 22, 2025
0

Italy’s culture minister, Alessandro Giuli, has called for a prominent historian and political commentator to resign from a council role...

Sharp drop in value of works saved for the UK this past year, official report reveals – The Art Newspaper

Sharp drop in value of works saved for the UK this past year, official report reveals – The Art Newspaper

by SB Crypto Guru News
July 22, 2025
0

The latest UK annual report on the export of major works of art reveals that it has been a particularly...

Load More
Next Post
Securitize Expands Tokenized Treasuries to Solana, Opening New Investor Access

Securitize Expands Tokenized Treasuries to Solana, Opening New Investor Access

Here’s Why The Dogecoin And Shiba Inu Prices Are Rising Today

Here's Why The Dogecoin And Shiba Inu Prices Are Rising Today

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.