Morgan Stanley estimates Amazon can cut 13,834 managers and save roughly $3 billion next year. CEO Andy Jassy wants to lower the ratio of managers to individual contributors.
Amazon plans to hire 250,000 workers for the upcoming holiday season, according to a Thursday (Oct. 3) press release. The figure is in keeping with last year's hiring levels and comes as retailers are preparing for a shopping season that could be marked by consumer hesitancy.
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