Amazon is laying off workers in its communications and sustainability departments, as well as its North America stores team, as part of a plan announced by CEO Andy Jassy to eliminate excess middle management by March. A leaked document reveals that AWS sales managers must increase direct reports, halt new manager hires, and demote some managers to lower-paying positions. These changes aim to cut costs and improve competitiveness, with estimates suggesting up to 13,834 managers could be let go, potentially saving the company billions of dollars. Jassy has emphasized the need to reduce bureaucracy and streamline processes to drive efficiency within Amazon.
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Will the NFL Bring the Magic Back to Disney Stock?
In this podcast, Motley Fool contributors Travis Hoium, Lou Whiteman, and Rachel Warren explore the potential impact of the NFL on Disney's stock performance. They also encourage listeners to access full episodes of their podcasts and consider their top 10 stock recommendations when ready to invest. Want More Context? 🔎
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