Amazon announces plans to lay off approximately 14,000 managerial positions by early 2025
This reduction represents a 13% decrease in Amazon's global management workforce
The layoffs aim to save the company between $2.1 billion and $3.6 billion annually
CEO Andy Jassy emphasizes the need for efficiency and cost-cutting measures
Managers will decrease from 105,770 to 91,936 globally as company plans to integrate more automation and AI to streamline operations
Amazon will host job fairs and provide resources to assist affected employees