Money

Amazon CEO Andy Jassy’s warning to remote workers

Published

3 months ago

August 29, 2023

ticker NEWS

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.

Leaders

Diversifying and enhancing payment methods

Published

22 hours ago

December 8, 2023

ticker NEWS

American Express reveals Australian homeowner bill payment insights

In response to the growing trend of card and tap-and-go payments, organisations are adapting their systems to accommodate diverse payment options.

American Express recently conducted research shedding light on homeowner sentiments towards local councils, with a focus on Australian attitudes and behaviours related to bill payments.

Vice President and General Manager of Global merchant services at American Express, Robert Tedesco, provides his insights.

Leaders

Explosive growth and dominance of the audio industry

Published

1 day ago

December 8, 2023

ticker NEWS

Global radio market hits staggering $143 billion valuation, cementing audio industry’s dominance

The audio industry continues to assert itself as a formidable force, with the 2023 global radio market reaching a substantial value of $143 billion.

The podcast market has surged to an impressive worth of $18.52 billion, showcasing a compound annual growth rate of 27.6%.

Tony Simmons, CEO and founder of Sonnant, discusses how the audio industry can be made even better.

Presented by VentureCrowd – To find out more about Conscious Investing, head to www.venturecrowd.com.au

Money

Nick Kyrgios shocks fans with surprise OnlyFans announcement

Published

1 day ago

December 8, 2023

ticker NEWS

Tennis sensation Nick Kyrgios sent shockwaves through the sports and entertainment world today as he revealed a surprising career move.

The Australian athlete, known for his fiery on-court antics and charismatic personality, has announced his entry into the world of OnlyFans, a platform typically associated with adult content creators.

In an unexpected turn of events, Kyrgios took to social media to share the news with his followers. He stated, “I’ve always enjoyed pushing boundaries and breaking the mold. I’m excited to announce that I’ll be joining OnlyFans to share exclusive content and connect with my fans in a new way.”

The announcement has left fans and pundits alike wondering what kind of content Kyrgios will be sharing on the platform.

The decision has sparked a debate about the intersection of sports and social media, as well as the evolving landscape of content creation.

Some fans are eagerly anticipating behind-the-scenes glimpses of Kyrgios’s life, while others are questioning the potential impact on his professional tennis career.