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by iLoveOncall
460 days ago
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This is old news and refers to the 15% figure that was announced last year (more than 6 months ago!) and for which the "layoffs" are already completed. Overall, nothing at all happened, managers looked after their own kind and the worst that happened for some was having to go back to IC positions. The article is most likely AI generated since it says this was announced "last month" and the article is from March, but the real announcement was September 2024: https://www.aboutamazon.com/news/company-news/ceo-andy-jassy... |
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2. Someone at Morgan Stanley assumes that lay offs will be the mechanism used to reach the target ratio and does some math that says this'll save $XX billion, based on the number of employees at Amazon and the average manager salary.
3. Business Insider reports on the Morgan Stanley memo.
4. This trash article re-reports on it for some reason.
In reality, teams were re-org'd, managers became ICs. Maybe some were PIP'd. No large layoffs though.