Amazon moves to cut costs, triggering fears of fewer promotions, Bloomberg says

CEO Andy Jassy’s campaign to flatten Amazon’s middle management is raising fears among staff of lean years and fewer promotions, as old career paths dry up, Bloomberg’s Spencer Soper and Matt Day report. In an emailed statement, Amazon spokesperson Margaret Callahan said the increased ratio of personnel to managers “impacts a relatively small subset of employees and aims to increase our team members’ ability to move fast, clarify and strengthen their sense of ownership, and drive decision-making closer to the front lines where it most impacts customers and the business. Each organization is determining the best way to reach this goal, and our internal surveys show that employee sentiment remains strong.”