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Source: skcusagyl.pages.dev Amazon lays off several hundred employees The Daily Chronicle , CEO Andy Jassy has reiterated the company's commitment to streamlined decision-making, citing bureaucracy as a key concern According to Layoffs.fyi , a layoffs tracker, 24 tech companies have already let go of 5,641 employees so far this year (in January).
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From Amazon to Meta, layoffs mount in tech industry NPR . This reduction aligns with CEO Andy Jassy's strategic vision to boost the ratio of individual contributors to managers by at least 15% before Q1 2025. Analysts estimate the job cuts could save Amazon between $2.1 billion and $3.6 billion annually.
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