Morgan Stanley claims Amazon is considering laying off 14,000 managers from its 1.5 million-employee workforce. This is because the company is planning to reduce its managerial staff and it could lead to significant layoffs and cost-cutting measures. In a memo, CEO Andy Jassy announced his intention to increase the proportion of individual contributors to managers … Read more
Amazon corporate employees have threatened a “soft quitting” revolt in response to CEO Andy Jassy’s mandate that they return to the office five days a week. Jassy, 56, who was appointed as Jeff Bezos’ successor after the 60-year-old business magnate stepped down as Amazon CEO in 2021, issued a company-wide statement announcing that employees will … Read more
A recently released transcript revealed Jeff Bezos, founder of Amazon, was grilled by the Federal Trade Commission (FTC) over his use of Signal, an encrypted messaging app with a disappearing message feature. Last week, the FTC filed a new complaint, including a previously unreported transcript of Bezos’ testimony. The complaint accuses Bezos and other top … Read more
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