this post was submitted on 17 Mar 2025
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Amazon plans to lay off 14,000 managerial positions to save $3.5B yearly (techstartups.com)
submitted 2 days ago by rssbot@lemmy.bestiver.se to c/hackernews@lemmy.bestiver.se
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[–] RedditWanderer@lemmy.world 1 points 2 days ago (1 children)

Im a bit too hammered to understand it right now, but I think the math is hidden in here with very ambiguous wording.

In a note released Thursday, Morgan Stanley projected that Amazon’s plan could cut around 13,834 managerial roles by early next year, saving the company between $2.1 billion and $3.6 billion. The estimate is based on the assumption that managers make up 7% of Amazon’s workforce.

[–] pinheadednightmare@lemm.ee 1 points 2 days ago

God damn, a billion dollar buffer? I need to know who their accounts are.