Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

Amazon CEO Andy Jassy’s warning to remote workers

Published

on

Amazon CEO Andy Jassy has issued a stern warning to employees who are resisting the company’s return-to-office mandate, stating that “it’s probably not going to work out for you.”

Jassy made these comments during a recent meeting, expressing frustration that some employees were not taking the return-to-office directive seriously.

The meeting, known internally as a “fishbowl” meeting, did not provide specific data that motivated Jassy’s decision to require employees to return to the office. Instead, he referred to it as a “judgment” call. Jassy further indicated that employees who disagreed with this decision were welcome to seek employment elsewhere.

“It’s past the time to disagree and commit,” Jassy emphasized. “And if you can’t disagree and commit, I also understand that, but it’s probably not going to work out for you at Amazon because we are going back to the office at least three days a week.”

Return to office

Jassy stated that he had spoken to numerous other CEOs, and the majority of them favored having their employees return to the office.

Last month, Amazon confirmed that it was requiring some corporate workers to relocate to different cities as part of its return-to-office policy. Employees who refused to relocate near the main offices of their teams were given the option to find a new job within the company or leave through a “voluntary resignation” process.

The return-to-office policy took effect on May 1, requiring corporate employees to work in the office for at least three days per week.

This decision was met with resistance earlier in the year when around 30,000 workers signed a petition urging Jassy to cancel the directive. Jassy justified the decision by stating that Amazon had observed increased employee engagement and improved collaboration in person during the pandemic.

Amazon, with more than 1.5 million employees worldwide, previously announced layoffs of 27,000 workers as part of cost-cutting measures.

Continue Reading

Money

Why the meme-stock frenzy is unlikely to repeat

Published

on

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Continue Reading

Money

Why are airlines after the Biden Administration?

Published

on

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Continue Reading

Money

The mounting pressure on Government spends

Published

on

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

Continue Reading

Trending Now