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Amazon To Cut 14,000 Corporate Jobs in Early 2025, Morgan Stanley Says
Monday October 7, 2024. 04:42 PM , from Slashdot
'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.
https://slashdot.org/story/24/10/07/1442221/amazon-to-cut-14000-corporate-jobs-in-early-2025-morgan-...
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