Working remotely a dream no more, as e-commerce giant Amazon asks corporate staff to make an effort to return to the office.
Amazon is leaving it up to team managers to decide how often their employees come in to work when offices reopen next year.
CEO Andy Jassy said Amazon found it couldn’t have a “one-size-fits-all approach”, with flexible working to stay beyond the pandemic.
‘We’re going to be in a stage of experimenting, learning, and adjusting for a while as we emerge from this pandemic,’ Jassy wrote in a memo addressed to employees.
The decision comes after the e-commerce giant axed it original plan for corporate staff to return to offices for a 3-day week, by January 3 2022.
But their new approach doesn’t come without a few ground rules, with employees expected to attend in-person meetings.
‘At this stage, we want most of our people close enough to their core team that they can easily travel to the office for a meeting within a day’s notice.’
This expectation therefore crushes the dreams of employees who may have wished to work remotely on an international scale.
High-performing staff already employed to fulfil a work-from-home position are exempt from this rule, but will see their workload cut significantly.
This means that those who want to work from a remote location will only be able to do so for up to four weeks a year.
A hybrid approach
While Amazon employees are expected to make an effort to come into the office, Jassy doesn’t anticipate that all staff will return full-time.
He says that team leaders may choose to have their staff working from home on an almost regular basis, while others may follow a hybrid model.
“It depends on what will be most effective for our customers,” Jassy says.
“[Additionally], we will all continue to be evaluated by how we deliver for customers, regardless of where the work is performed.”
Hundreds of thousands of Amazon’s 1.3 million employees will learn about what is expected of them before January 3 next year.
Meanwhile, Amazon will continue to monitor the rapidly changing dynamic of the pandemic to assess what will help the company uphold their unique customer experience.
“With lots of invention and change in front of us, you can bet that we will continue to adjust as we keep learning what makes most sense for our customers and teams.”
Written by Rebecca Borg
Real reason bosses want employers back in the office
As the world gradually recovers from the pandemic, employers are increasingly pushing for their staff to return to the office after years of remote work.
The driving force behind this push is the sharp decline in commercial property values, which has left many businesses concerned about their real estate investments.
Commercial property values have plunged in the wake of the pandemic, with many companies downsizing or reconsidering their office space needs.
This has put pressure on employers to reevaluate their remote work policies and encourage employees to return to the office. #featured
Businesses cash in on Black Friday sales
Black Friday, the annual shopping frenzy, has become a global phenomenon rooted in economic strategies.
Retailers deploy various tactics to lure consumers, creating a win-win scenario for both shoppers and businesses.
The concept of Black Friday traces its roots to the United States, where it marks the beginning of the holiday shopping season. Retailers offer significant discounts on a wide range of products to attract a massive customer influx. This strategy, known as loss leader pricing, involves selling a few products at a loss to entice customers into stores, hoping they will buy other items at regular prices.
Retailers also employ the scarcity principle by advertising limited-time offers and doorbuster deals. This sense of urgency compels consumers to make quick decisions, boosting sales.
Furthermore, online shopping has revolutionized Black Friday economics. E-commerce giants use data analytics to customize deals, targeting individual preferences. Cyber Monday, the digital counterpart to Black Friday, capitalizes on the convenience of online shopping. #featured
Australian inflation figure finally starts with a 4
Australia’s October inflation figures have surprised economists, as consumer prices rose at a slower pace than anticipated.
This slowdown was primarily attributed to a significant drop in goods prices, contributing to the nation’s subdued economic climate.
The Consumer Price Index (CPI) for October indicated a modest 0.4% increase, falling short of the 0.7% forecasted by analysts. On an annual basis, inflation stood at 2.1%, below the Reserve Bank of Australia’s target range of 2-3%. This unexpected deceleration is likely to affect the country’s monetary policy decisions in the near future.
Goods prices, including essential items like fuel and food, recorded a notable decrease of 0.8%, mainly due to supply chain disruptions and global economic uncertainties. Meanwhile, services prices continued to rise, albeit at a slower rate, driven by higher wages in some sectors.
This unexpected dip in inflation raises questions about the overall health of the Australian economy and the central bank’s strategies to combat it. Policymakers now face the challenge of balancing economic growth with the need to manage inflation effectively. #ticker today #featured
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