‘The way to get ahead at Amazon…’: CEO Andy Jassy slams manager ‘fiefdoms’, heralds change in promotion policy

Amazon CEO Andy Jassy announced a change in promotion policy during a recent Town Hall meeting — laying heavy emphasis on the need for ‘meritocracy’. The top executive also lambasted manager ‘fiefdoms’ and insisted that ‘accumulating a giant team’ was not the way forward. The development came mere days after reports suggested that the company was set to eliminate 14,000 managerial positions by early 2025 — saving up to $3.6 billion annually.