If you are a Mid-Career professional, read this.
If you are from the Tech industry, you must read this.
The recent news of Amazon’s plan to reduce 14,000 managerial positions may impact other organizations and You!
Amazon is one of the most valuable companies in the world, and it has a strong financial position. 2023 was a fantastic year for them financially.
Amazon’s quarterly EBITDA growth has been subdued in 2024. Hence, by cutting costs through managerial headcount reduction (expected savings $2.1B to $3.6B) , they can boost their margins.
What does this mean for you?
It may signal a broader tech downturn thereby creating a difficult internal climate in your firm and an over-supply of CVs in the market.
– opportunities for internal growth may reduce
– opportunities for growth outside may reduce
Yet, there will be people at Amazon and in your firm who will grow on the career ladder.
Why?
What will differentiate such professionals from others:
1] Growth mindset – an attitude to change, learn and adapt
2] Blind spots – working with a coach to understand
3] Action-orientation – no procrastination
4] Networking – meeting people and forging alliances
5] Strategic Thinking – looking at the big picture and trends
Remember, market players will build strategies in their best interest which can mean firing people from their workforce.
As professionals, you need to act in your best interest rather than live under the fear of getting fired.
About Transform Ahead®️
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