<ul><li>Amazon CEO, Andy Jassy, announced a change in the promotion policy during a recent town hall meeting.</li><li>Amazon aims to focus on smaller teams and believe success comes from getting the most out of limited resources.</li><li>The company is striving to improve the ratio of individual contributors to managers by 15% and reduce bureaucracy.</li><li>Amazon emphasizes rewarding work based on merit, accountability, competence, and the ability to act quickly.</li></ul>

Amazon is changing its promotion policy

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