Amazon To Cut 14,000 Corporate Jobs in Early 2025, Morgan Stanley Says
Amazon will likely eliminate around 14,000 corporate jobs by early next year as part of ongoing efforts to reduce costs, according to a note Morgan Stanley sent to clients that Slashdot has reviewed. Brian Nowak of Morgan Stanley estimated Amazon could cut approximately 13,800 manager positions by the end of the first quarter of 2025, based on the company’s stated goal of increasing the ratio of individual contributors to managers by at least 15%.
“AMZN management’s recent letter laying out an increased focus on efficiency should lead to further EBIT cushion and (potential) upside in ’25,” Nowak wrote. The potential headcount reduction could result in $2.1 billion to $3.6 billion in annual cost savings for Amazon, adding 3% to 5% to the company’s 2025 operating profit, according to Nowak’s analysis. Amazon has already cut over 27,000 jobs since late 2022 as part of a major cost-cutting push. The company employed 1.54 million people globally as of the end of June.
Read more of this story at Slashdot.
Amazon will likely eliminate around 14,000 corporate jobs by early next year as part of ongoing efforts to reduce costs, according to a note Morgan Stanley sent to clients that Slashdot has reviewed. Brian Nowak of Morgan Stanley estimated Amazon could cut approximately 13,800 manager positions by the end of the first quarter of 2025, based on the company’s stated goal of increasing the ratio of individual contributors to managers by at least 15%.
“AMZN management’s recent letter laying out an increased focus on efficiency should lead to further EBIT cushion and (potential) upside in ’25,” Nowak wrote. The potential headcount reduction could result in $2.1 billion to $3.6 billion in annual cost savings for Amazon, adding 3% to 5% to the company’s 2025 operating profit, according to Nowak’s analysis. Amazon has already cut over 27,000 jobs since late 2022 as part of a major cost-cutting push. The company employed 1.54 million people globally as of the end of June.
Read more of this story at Slashdot.