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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Here's Why August Is a Crucial Month for Social Security
Retiring solely on Social Security is not advisable as benefits typically replace less than half of a worker's income, making it challenging for seniors to adjust to reduced earnings. Despite this, many seniors depend exclusively on Social Security due to difficulties in saving for retirement, heavily relying on annual cost-of-living adjustments (COLAs) for financial stability. Want More Context? 🔎
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