Middle managers are currently facing significant layoffs as major corporations such as Google, Microsoft, and Walmart streamline operations. This trend, referred to as the Great Flattening, is resulting in a reduction of mid-career positions. The job market has become increasingly challenging for laid-off managers, while those who retain their positions are tasked with managing more direct reports. This trend predominantly affects Millennials and Gen X, who comprise a majority of managerial roles in the US. Corporate leaders emphasize the need for efficiency and leaner organizational structures through statements about reducing layers of management.
Tech giants like Google and Microsoft, alongside major retailers like Walmart, are looking for ways to cut costs and streamline bureaucracy. This has resulted in a significant reduction in mid-career jobs, often termed the Great Flattening.
Laid-off managers are pushed into a rocky job market, and those who remain employed are left with an increasing number of direct reports, heightening their workload.
Millennials and Gen X, who hold most of the US' managerial roles, are experiencing the brunt of these workplace changes, facing challenges in job security and increased responsibilities.
Amazon CEO Andy Jassy and other leaders cite the need for efficiency gains while reshaping their companies, emphasizing a move towards leaner management structures.
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