• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

Amazon workers must return to office full time, CEO says

by September 17, 2024
written by September 17, 2024

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 comment
0
FacebookTwitterPinterestEmail

previous post
China exerts new restrictions on exports of minerals critical to US weapons making
next post
PlayDoge Game – Get The Latest News and much more

related articles

U.S. foreign tax bill sends jitters across Wall...

May 30, 2025

Amazon taps Xbox co-founder to lead new team...

May 30, 2025

Nvidia results spark global chip rally

May 30, 2025

Boeing to resume airplane deliveries to China next...

May 29, 2025

E.l.f. Beauty to acquire Hailey Bieber skin care...

May 29, 2025

Dick’s Sporting Goods stands by full-year guidance —...

May 28, 2025

Macy’s CEO says retailer will hike some prices...

May 28, 2025

23andMe to delist from Nasdaq, deregister with SEC

May 28, 2025

Walmart fined for shipping realistic toy guns to...

May 28, 2025

Why Trump’s iPhone tariff threat might not be...

May 25, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • What we know about the Trump administration’s plans for a sovereign wealth fund

    February 4, 2025
  • Date set for Robert F Kennedy Jr’s Health secretary confirmation hearings

    January 24, 2025
  • State Department to merge Palestinian Affairs Office with US Embassy in Jerusalem

    May 6, 2025
  • Trump sends special message to stranded astronauts, jokes he may go along for rescue: ‘We love you’

    March 7, 2025
  • What makes iDEGEN an exciting meme coin to buy as we head into 2025?

    December 27, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,745)
  • Investing (624)
  • Stock (775)

Latest Posts

  • Tulsi Gabbard gives exclusive glimpse of Trump’s first Cabinet meeting

    February 27, 2025
  • Trump eyes an end to new windmill production under second term, says they are ‘driving the whales crazy’

    January 8, 2025
  • Trump zeroes in on national security at first outdoor rally since assassination attempt: ‘World is on fire’

    August 21, 2024

Recent Posts

  • Trump teases running for a third term: ‘Not joking’

    March 30, 2025
  • Tesco Share Price: Forecast and Live Update

    August 2, 2024
  • Trump doesn’t plan to deport Prince Harry, saying Meghan Markle is enough of a burden for the royal

    February 9, 2025

Editor’s Pick

  • Federal Trade Commission accuses three drug middlemen of inflating insulin prices

    September 23, 2024
  • What kind of justices would President Kamala Harris appoint?

    August 30, 2024
  • EURUSD and GBPUSD: The Pound is under pressure at 1.29000

    July 22, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.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 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock