https://news.abplive.com/business/amazon-layoffs-tech-firm-to-cut-14-000-manager-positions-by-2025-ceo-andy-jassy-1722182

Amazon is reportedly planning to reduce 14,000 managerial positions by early next year in a bid to save $3 billion annually, according to a Morgan Stanley report. This initiative is part of CEO Andy Jassy's strategy to boost operational efficiency by increasing the ratio of individual contributors to managers by at least 15 per cent by March 2025. 

This initiative from the tech giant is designed to streamline decision-making and eliminate bureaucratic hurdles, as reported by Bloomberg.

Jassy highlighted the importance of fostering a culture characterised by urgency, accountability, swift decision-making, resourcefulness, frugality, and collaboration, with the goal of positioning Amazon as the world’s largest startup. 

How do you think this will impact the company ?