• 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

Union Pacific to buy Norfolk in $85 billion...

July 29, 2025

Things are getting better at Boeing under CEO...

July 29, 2025

Elon Musk confirms Tesla has signed a $16.5...

July 28, 2025

Palantir joins list of 20 most valuable U.S....

July 26, 2025

Microsoft’s Satya Nadella says job cuts have been...

July 25, 2025

FCC greenlights Paramount’s $8 billion merger with entertainment...

July 25, 2025

Alphabet beats earnings expectations, raises spending forecast

July 24, 2025

UnitedHealth says it faces DOJ investigation over Medicare...

July 24, 2025

Uber will let women drivers and riders request...

July 24, 2025

UnitedHealth says it is facing DOJ investigation over...

July 24, 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

  • Greenland’s prime minister says island cannot be bought, US has ‘not been respectful’

    April 28, 2025
  • Trump, Congress looking to put suffocating sanctions on ‘kangaroo’ ICC over Netanyahu arrest warrant

    November 26, 2024
  • Dems push drastic move that Mike Lee calls ‘a phenomenally bad idea’

    December 17, 2024
  • Secret meeting between US, Israel, UAE held to discuss postwar plans for Gaza

    July 23, 2024
  • Trump’s incoming White House chief of staff’s lobbying comes under scrutiny

    November 21, 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

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

    July 19, 2024
  • 3

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

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

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

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,569)
  • Investing (634)
  • Stock (862)

Latest Posts

  • Canadians feel ‘under economic attack,’ frustration with US over Trump tariffs, annexation talk: ambassador

    March 9, 2025
  • Legal experts say RFK Jr.’s move to give financial interest in vaccine lawsuits to family is ‘not unusual’

    February 3, 2025
  • House Democrat says the party needs to get past ‘Trump Derangement Syndrome’

    November 7, 2024

Recent Posts

  • The Potential Effect of the US Election on Cryptocurrency

    October 8, 2024
  • Pro-Ukraine Republican agrees with Trump on ‘CRAZY’ Putin, urges ‘Secondary sanctions & arms support NOW’

    May 27, 2025
  • Netanyahu will reportedly hold a security meeting at Trump’s deadline

    February 15, 2025

Editor’s Pick

  • White House orders Hegseth to stop polygraphs on Pentagon staff suspected of leaking: report

    July 27, 2025
  • Billions spent, warfighters wait: Inside the Pentagon’s broken buying system and the plan to fix it

    May 2, 2025
  • Chelsea Handler says she ‘dodged a bullet’ when former NY Gov. Andrew Cuomo ghosted her

    February 23, 2025
  • 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