Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

Business

Amazon workers must return to office full time, CEO says

by September 17, 2024
September 17, 2024
Amazon workers must return to office full time, CEO says

Amazon is requiring its workers to return to the office full time.

In a note published Monday by the e-commerce giant, Amazon CEO Andy Jassy, who took over from founder Jeff Bezos in 2020, said the move to end the company’s hybrid model was designed toward ‘being better set up to invent, collaborate, and be connected enough to each other and our culture to deliver the absolute best for customers and the business.’

He noted that the company’s three-day-a-week policy, instituted in 2023, had only reinforced the view that a full return was necessary.

‘When we look back over the last five years, we continue to believe that the advantages of being together in the office are significant,’ Jassy said.

The change will take effect starting in January 2025. The company will still respect extenuating circumstances, like caring for a sick child, and pre-approved work-from-home or hybrid arrangements.

Amazon joins a growing list of major U.S. firms returning to a five-days-a-week office policy, including Boeing, JP Morgan Chase and UPS.

However, according to data from FlexIndex, a firm that tracks company office policies, a majority of U.S. firms still offer hybrid arrangements.

The data does show bigger companies leading the way in pushing for more in-office full-time policies.

But notably, Jassy said he wants Amazon to operate as if it were ‘the world’s largest startup’ — a sentiment Bezos, Amazon’s founder, often stressed.

“That means having a passion for constantly inventing for customers,’ Jassy said, ‘strong urgency (for most big opportunities, it’s a race!), high ownership, fast decision-making, scrappiness and frugality, deeply-connected collaboration (you need to be joined at the hip with your teammates when inventing and solving hard problems), and a shared commitment to each other.”

Jassy also announced a move to reduce ‘bureaucracy’ within the firm, hinting at unintended consequences from Amazon’s aggressive hiring following pandemic reopenings — and possibly opening the door for layoffs. Jassy asked employee units to ‘increase the ratio of individual contributors to managers’ by at least 15% by the end of Q1 2025.

‘As we have grown our teams as quickly and substantially as we have the last many years, we have understandably added a lot of managers,’ Jassy said. ‘In that process, we have also added more layers than we had before. It’s created artifacts that we’d like to change.’

An Amazon spokesperson did not respond to a follow-up request for comment.

This post appeared first on NBC NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Israel expands war objectives, eyeing northern front as tensions with Hezbollah continue unabated
next post
Obama makes TikTok appearances to push for voter registration: report

You may also like

Capital One acknowledges ‘outage’ as users report issues...

January 16, 2025

Costco and Teamsters reach tentative contract agreement, avoid...

February 2, 2025

Boeing CEO says China has stopped taking its...

April 23, 2025

Buffett denies rumors after Trump shares wild claim...

April 5, 2025

CFPB sues America’s largest banks for ‘allowing fraud...

December 21, 2024

Ontario to remove U.S. alcohol from shelves after...

February 3, 2025

NBA star Russell Westbrook launches AI-enabled funeral planning...

May 7, 2025

Nvidia’s $279 billion wipeout — the biggest in...

September 4, 2024

KFC moves U.S. headquarters from Kentucky to Texas

February 19, 2025

Lucid CEO steps down; EV maker plans to...

February 27, 2025

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


    By opting in you agree to receive emails from us. Your information is secure and your privacy is protected.



    Latest

    • White House urges Iran to accept nuclear deal as IAEA reports uranium enrichment spike

      June 1, 2025
    • South Korea is voting for a new president after six months of political chaos. Here’s what to know

      June 1, 2025
    • Israel hostage deal in doubt as Hamas adds demands, US envoy calls terms ‘unacceptable’

      May 31, 2025
    • Trump’s foreign policy frustrations are piling up

      May 31, 2025
    • Turkish authorities escalate crackdown on opposition-run Istanbul municipality

      May 31, 2025
    • Mexican band Grupo Firme cancels US show, says visas suspended by Trump administration

      May 31, 2025

    Categories

    • Business (649)
    • Investing (661)
    • Politics (4,292)
    • World News (2,893)
    • Terms & Conditions
    • Privacy Policy
    • Contact us
    • About us

    Disclaimer: WhaleLargeCapital.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 WhaleLargeCapital.com | All Rights Reserved