Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Business

Amazon workers must return to office full time, CEO says

by admin 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
Boeing factory workers strike after overwhelmingly rejecting contract
next post
Boeing freezes hiring in sweeping cost cuts as it grapples with factory worker strike

Related Posts

U.S. autoworkers union seeks tough victory at Mercedes...

May 14, 2024

Air travel demand is breaking records. Airline profits...

July 9, 2024

Meet CrowdStrike, the company at the heart of...

July 20, 2024

Equinox launches $40,000 membership to help you live...

May 8, 2024

How Delta made itself America’s luxury airline —...

June 27, 2024

Rules for repaying Social Security benefits are about...

March 11, 2025

Trump says U.S. will impose new tariffs on...

September 30, 2025

Father and son fraudsters sentenced in case of...

May 14, 2025

Amazon and Nvidia say AI data center demand...

April 25, 2025

Cracker Barrel shares plummet after pushback on new...

August 23, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


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

    Recent

    • Trump HHS changes transgender Biden official’s nameplate back to birth name during shutdown

      December 9, 2025
    • MTG defends herself as ‘America first’ after Trump slams her on Truth Social

      December 9, 2025
    • Lawmaker urges release of Venezuela strike footage as parties split over whether targets were defenseless

      December 9, 2025
    • Congress moves to block Pentagon from cutting US troops in Europe and South Korea

      December 9, 2025
    • Senate Democrats push Obamacare subsidy vote ‘designed to fail’ as Republicans call plan unserious

      December 9, 2025

    Categories

    • Business (1,143)
    • Investing (3,658)
    • Politics (4,432)
    • Stocks (1,155)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.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 © 2025 sportinvestorsleague.com | All Rights Reserved