Amazon Layoffs: E-Commerce Giant May Lay Off Around 14,000 Managers by 2025 To Save USD 3 Billion Annually, Say Reports

New Delhi, October 5: Amazon will reportedly make significant job cuts in the coming years. As per reports, the e-commerce giant might lay off around 14,000 managers by early 2025. The decision is seen to save approximately USD 3 billion annually. The decision can also be seen as a pattern in the tech industry, where companies are re-evaluating their workforce and operational costs.

As per a report of Times of India, Amazon may lay off approximately 14,000 managerial positions globally by 2025. Multiple reports also suggest that the company might cut its global management staff from 105,770 to about 91,936 employees. These job cuts could save the company between USD 2.1 billion and USD 3.6 billion each year, which is roughly around 3 per cent to 5 per cent of Amazon's expected operating profit for 2025, as per a report of Republic World. Dyson Layoffs: British Tech Company Unexpectedly Lays Off Several Employees at Singapore Global Headquarters, Say Reports.

Amazon has reportedly hired many managers in the past few years.  Now it seems that the company is about to make some adjustments in its workforce. Each team at Amazon will likely take a close look at how they are organised and the process can be seen as part of their effort to run the organisation efficiently and effectively. The company might remove some unnecessary levels of management.

However, the company has not provided any specific job cuts. It means that they might achieve the desired changes in staff levels through other ways, like moving managers into different positions instead of letting them go. The approach could help maintain a strong workforce in the company while still improving how it operates. Disney Layoffs: US-Based Media and Entertainment Giant To Lay Off Employees From Its ABC News, Local Media Business Amid Cost-Cutting and Business Restructuring.

Amazon appears to increase the number of individual workers compared to managers by at least 15 per cent by the end of the first quarter of 2025. Reports indicate that around 7 per cent of Amazon's employees are in management roles. Additionally, it is estimated that each manager costs the company between USD 2,00,000 and USD 3,50,000 each year.

(The above story first appeared on LatestLY on Oct 05, 2024 11:42 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).