Amazon CEO Jeff Bezos is the world’s richest man with an estimated net worth of $190 billion. During the early days of Amazon, Bezos had introduced a ‘two-pizzas’ rule and now a report by Business Insider reveals that it is something Paytm too applies in the organisation.
The two-pizza rule was simple: internal teams in organisations should be small enough so that they can be with just two pizzas. The idea is to improve efficiency and scalability. It is something that Paytm does as well, according to its chief technology officer (CTO). As per the Business Insider report, Dhody said about the two-pizza rule that “in my mind is the most efficient organisational designs for structuring teams.”
Paytm generally, as per the report, has 6-8 members in a team. Dhody further said that small team are more efficient in asserting ownerships over particular domains. The two-pizza rule at Paytm means that teams are “single owners of that domain. Nobody else in the organisation owns that domain,” Dhody was quoted as saying in the Business Insider report.
Bezos had applied the two-pizza rule initially for meetings and making them more productive. The more number of people in a meeting is likely to stretch for longer hours and hence reduce efficiency of people. The Amazon CEO, in fact, once reportedly said that during the entire year, he spends just six hours meeting with the big investors of Amazon.
As per the Bloomberg Billionaires Index, Bezos’ estimated net worth stands at $189 billion and in 2020 it has grown by as much as $74.1 billion.