companies planning to bulk layoff careful uncles

[andhra_jp]

12 hours ago, RPGPulka said:

Amazon layoff coming 20k job cuts 

Amazon CEO Andy Jassy reveals why he is cutting off middle managers while enforcing RTO

Last September, Amazon CEO Andy Jassy declared he wanted to 'increase the ratio of individual contributors to managers by at least 15 percent by the end of Q1 2025.' The $2.3 trillion tech giant has already beat the marker.

Amazon CEO Andy Jassy has said that he wants to cut off middle managers in the company because they want to “put their fingerprint on everything” but don't always make the right recommendations. In a recent interview, Jassy added that he’s flattening the hierarchy and giving more power to individual contributors as the tech giant focuses on getting employees back to work from the office.

“You add a lot of people, and you end up with a lot of middle managers. And those middle managers, all well-intended, want to put their fingerprint on everything,” the CEO told Bloomberg. "So you end up with these people being in the pre-meeting, for the pre-meeting, for the pre-meeting, for the decision meeting, and not always making recommendations and owning things the way we want that type of ownership.”

In his note, Jassy cited “pre-meetings for the pre-meetings for the decision meetings, a longer line of managers feeling like they need to review a topic before it moves forward, owners of initiatives feeling less like they should make recommendations because the decision will be made elsewhere.” He also introduced a 'bureaucracy tipline', allowing employees to report unnecessary procedures or inefficiencies.

“It’s going to allow us, for the people that are doing the work, they’re gonna have more ownership and they’re going to be able to move more quickly,” Jassy said.

[andhra_jp]

Lloyds shifts skilled IT jobs from UK to India, FT reports

Lloyds is hiring hundreds of IT engineers in India, while planning to cut hundreds of similar jobs in the UK, the Financial Times reported on Friday citing a person familiar with the plans.

 

The British lender plans to include 4,000 permanent employees working in technology and data in India by the end of the year, the report said, citing a presentation.

[andhra_jp]

Puma to cut 500 jobs worldwide in cost-cutting programme

German sportswear group late on Tuesday issued disappointing forecasts for the first quarter and 2025 amid weak demand in the U.S. and China

[andhra_jp]

Audi to Cut 7,500 Jobs by 2029; Flattens Management Structure

Automaker looking to achieve savings of €1 billion annually

“Economic conditions are becoming increasingly tougher, competitive pressure and political uncertainties are presenting the company with immense challenges,” Audi said.

Audi said it is flattening its management structure to three levels and is examining where digitalization can help reduce workloads.

 

Siemens to Cut More Than 6,000 Jobs in Automation, EV Charging Businesses

German industrial conglomerate says the measures will affect around 5,600 jobs in the automation segment and around 450 jobs in the EV charging business

In Germany, 2,600 jobs in the automation business will be affected, and 250 in the electric vehicle charging segment.

The company added that the reduction plans are aimed at strengthening its competitiveness and enabling investments in growth markets. It added that the electric vehicle charging market is currently facing strong price pressures and limited growth potential for low-power charging stations.

[RPGPulka]

Amazon lo layoff 14k fasak

[tokkalogola]

Inni layoffs avutunna why is US still doing h1b this yr