![]() ![]() Andy Jassy, Chief Cost-Cutterįor Amazon and its employees, 2022 served as a harsh wake-up call. The eventual answers to these questions matter not only to the millions of people across the globe who work for Amazon and its many partners in varied industries, but also to the hundreds of millions who rely every day on the company’s shopping, delivery, entertainment, and cloud computing servicesĪre you a current or former Amazon employee with thoughts or tips on this topic? Please email Jason Del Rey at or His phone number and Signal number are available upon request by email. The stakes of Amazon’s battle for its future are high - and it’s fighting at least partly against itself. Only adding to the uncertainty are open questions about whether current Amazon CEO Andy Jassy, Bezos’s hand-picked successor, can lead the company through these trials without abandoning an internal culture that led to breakthrough innovations like Amazon Prime and Amazon Web Services that helped make the company successful in the first place. ![]() “That’s what we are all asking ourselves,” a former Amazon marketing leader, who left the company in 2021, told Recode. The past two months have been a strange, even frightening, time inside the company, current and former employees told Recode: Amazon announced unprecedented layoffs of more than 18,000 corporate employees and began culling areas of the business, like its Alexa voice assistant division, that Bezos had long championed.Īs Amazon faces one of the most crucial crossroads in its nearly 29-year history, it’s dogged by a pressing question: Are the recent layoffs and cost cuts simply the sign of a company entering a new, unavoidable phase of maturity, or are they a warning flare that Amazon has plateaued and will soon start experiencing an eventual and irreversible decline? Even a pandemic couldn’t slow it down: In fact, in early 2021, the tech and retail giant reported its largest quarterly profit ever.īut a lot can change in just two years: Since then, founder Jeff Bezos stepped down and named a new CEO, the online shopping boom slowed, and Amazon had to dig itself out of a costly and overly aggressive warehouse and staffing expansion. CNN Sans ™ & © 2016 Cable News Network.For years, it seemed as though nothing could stop Amazon’s explosive growth and success. Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account Notably, a number of those are attempting to unionize in a quest for better working conditions. ![]() (AMZN)’s corporate workers, the company also has thousands of delivery drivers and warehouse employees whose jobs do not allow them to work from home. While the flexible policy applies to Amazon ![]() Google started requiring its employees to spend three days a week in the office from April this year, while Apple’s plan to institute a similar requirement faced pushback from employees (the plan was later shelved amid a rise in Covid cases near the company’s Bay Area headquarters). Jassy’s stance may serve as a marker to the tech and corporate world, as companies look beyond the summer and intensify their efforts to bring workers back to the office.Īccording to a recent survey from business consulting firm Gartner, 69% of mid- to large-sized employers say they require employees with jobs that can be done remotely to be at work a set number of days. The online retail giant announced last October that it would let individual managers and teams determine how much time they spend in the office, with Jassy saying at the time that “there is no one-size-fits all approach for how every team works best.” And it appears that attitude will continue for the foreseeable future. “But we’re going to proceed adaptively as we learn.” “We don’t have a plan to require people to come back,” Jassy said at the Code Conference in Los Angeles on Wednesday. Amazon CEO Andy Jassy isn’t looking to force the company’s workers back into the office anytime soon. ![]()
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