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No more WFH: Amazon creates office rule

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Amazon is implementing a return-to-office policy that requires corporate workers to be in the office three days a week.

While Amazon confirmed the relocations, specific details regarding the number of affected employees were not disclosed.

The company’s spokesperson, Brad Glasser, stated that “relocation benefits” would be provided to those asked to move, and exceptions would be considered on a case-by-case basis.

The move represents an escalation in Amazon’s efforts to bring its workforce back to physical offices. The policy was introduced in February and came into effect in May, leading to protests by hundreds of corporate workers outside the company’s Seattle headquarters. Prior to this, team leaders had the autonomy to determine their teams’ work arrangements.

Amazon CEO Andy Jassy explained the decision to bring workers back was influenced by their observations during the pandemic.

After studying employee performance and consulting with leaders from other companies, they concluded that in-person work resulted in increased engagement and better collaboration.

Internal messages cited by Business Insider indicate that some Amazon employees who refuse to relocate are given the option to find a new job internally or leave the company voluntarily.

Amazon has cut 27,000 jobs in recent months. The company continues to explore ways to consolidate teams in the same locations for enhanced collaboration and communication.

As decisions are made, Amazon will communicate directly with its employees about their specific situations.

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Why the meme-stock frenzy is unlikely to repeat

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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

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Why are airlines after the Biden Administration?

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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

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The mounting pressure on Government spends

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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

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