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Amazon at 30: How one company changed the world
The Story
Success Through Severance: The Amazon Method
Amazon employs a cutthroat approach known as stack ranking, where a percentage of employees are terminated annually, regardless of the company's success. This practice has caused mental health strains among staff, leading some to take medical leave. Despite the company’s growth and rising stock prices, Amazon maintains its practice of ranking and cutting the bottom 10% of employees each year, creating a high-pressure work environment.
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