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Amazon CEO doesn’t plan on asking staff to go back to the office

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2 years ago

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Andy Jassy has said Amazon isn’t rushing employees back to the office anytime soon

Amazon CEO, Andy Jassy, has said that there currently aren’t any plans to force staff back to the office after the pandemic forced us to work from home.

At the Code Confernce in Los Angeles, Jassy said “We don’t have a plan to require people to come back, but we’re going to proceed adaptively as we learn.”

It comes as the online retail giant announced last year that they would leave it up to individual managers and teams to decide how much time they spend in the office.

At the time Jassy said “there is no one-size-fits all approach for how every team works best.”

It’s a far cry from the return-to-office strategies other tech companies have adopted, with Apple already mandating a set number of days in the office.

However Jassy still describes their approach as a “work in progress,” suggesting this choose-your-own schedule may not last forever.

It follows a recent survey done by business consulting firm, Gartner. It says 69 per cent of mid to large sized employers say they still require employees to come into the office some days, despite it being possible for the job to be done from home.

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Biden is “discussing” support for Israel over Iran oil strike

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9 hours ago

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October 4, 2024

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The Biden administration believes it’s still “appropriate” for Israel to continue its ground and air attacks on Hezbollah.

The Middle East is a tinder box as Israel retaliates to Iran’s bombing earlier this week as well as fighting Hamas, Hezbollah and the Houthis in Gaza, Lebanon and Yemen. But what are the economic and geo-political implications? #featured #trending

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Defence shares rise to record high following Middle East attacks

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2 days ago

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October 2, 2024

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Stocks retreated Tuesday, with rising tensions in the Middle East cooling investor momentum after a strong quarter.

Oil prices eased and stocks recovered some ground after initial reports, as hopes grew that damage from the attack and any Israeli response would remain limited.

This market drop underscores the delicate balance between geopolitical risk and economic optimism. #featured #trending

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U.S. Feds in no ‘hurry’ to cut rates as confidence in economy grows

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3 days ago

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October 1, 2024

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Fed Reserve Chair Jerome Powell indicated the U.S. central bank was not “in a hurry” after new data boosted confidence in ongoing economic growth and consumer spending.

Fed Chair Jerome Powell says “disinflation has been broad-based,” and recent data suggests progress towards the Fed’s 2% inflation target.

Powell says the Fed is not rushing to lower rates but will make decisions based on how the economy evolves.

When asked about rate cuts, Powell says it’s a process that will “play out over time,” signalling a steady but cautious approach. #featured #trending

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